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Sagot :
Answer:
Ellen's AGI = $80,738
Explanation:
Since Ellen's employer paid for her share of FICA taxes, we could consider them as taxable fringe benefits. As such, they must be included in Ellen's AGI for the current in order to determine her total taxable income = salary + social security taxes + medicare taxes = $75,000 + $4,650 + $1,088 = $80,738
The amount Ellen must include in her income is $80,738.
Data and Calculations:
Annual employment compensation = $75,000
Social security taxes paid by employer = $4,650
Medicare taxes paid by employer = $1,088
Thus, the amount Ellen must include in her income is $80,738 ($75,000 + $4,650 + $1,088).
Learn more about the amount to include in taxable income here: https://brainly.com/question/25304207
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