In 2019, Miranda records net earnings from self-employment of $146,000. She reports no other gross income. Determine

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In 2019, Miranda records net earnings from self-employment of $146,000. She reports no other gross income. Determine the amount of Miranda’s self-employment tax and her for AGI income tax deduction.

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South-Western Federal Taxation 2020 Essentials Of Taxation Individuals And Business Entities

ISBN: 9780357109175

23rd Edition

Authors: Annette Nellen, James C. Young, William A. Raabe, David M. Maloney

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Question Posted: Dec 30, 2019 06:13 AM

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In 2019, Miranda records net earnings from self-employment of $146,000. She reports no other gross income. Determine

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Determining the amount of selfemployment tax to be paid involves several steps 1 Net earnings f...View the full answer

South-Western Federal Taxation 2020 Essentials Of Taxation Individuals And Business Entities

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