Anita, a single taxpayer, reports the following items for 2023: a. What is the amount of Anitas

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Anita, a single taxpayer, reports the following items for 2023:

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a. What is the amount of Anita’s self-employment tax?

b. How would your answer to Part a change if Anita’s salary were $$180,000$?

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Pearsons Federal Taxation 2024 Individuals

ISBN: 9780138238100

37th Edition

Authors: Mitchell Franklin, Luke E. Richardson

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Question Posted: Apr 08, 2024 08:00 AM

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Anita, a single taxpayer, reports the following items for 2023: a. What is the amount of Anitas

Question:

Salary Income for serving on the Board of Directors for XYZ Corporation Consulting gross income Expenses related to consulting practice $20,000 11,000 9,000 (15,000)

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Pearsons Federal Taxation 2024 Individuals

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