43. Malvern Company has a net income in 2020 of $180,000, before considering the $130,000 payments to its owner, Melva Malvern. Melva is married to Jim Malvern, and they do not have any children or other dependents. Melva and Jim are both 45 years of age. Their itemized deductions for the year total $27,900 under all scenarios. Required: Determine the following amounts, assuming that Malvern is a self- employed individual. Ignore any federal unemployment tax liability (FUTA), but do consider any allowable expense deductions for the FICA and/or self-employment tax. (See hints below.) Self-employment taxes paid $ Federal income taxes paid by Melva & Jim Malvern Total taxes paid $