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Al is involved with his brothers Jim and Bob in a farming operation organized as a general partnership. The partnership's 2021 Schedule F income
Al is involved with his brothers Jim and Bob in a farming operation organized as a general partnership. The partnership's 2021 Schedule F income was $99,000 and Al's K-1 distributes 1/3 of the partnership income to him. Al also has his own farming operation which generated $70,000 of Schedule F income in 2021. In addition to the farm income, Al receives a wage from Cornhusker Ethanol, Inc. of $17,500, receives real estate rental income of $40,000, and has the planter sale with a gain of $15,000. What are Al's self-employment taxes due on his tax return? Note: Use a maximum earnings per individual subject to Social Security of $142,800 O $7,277 O $14,355 O $13,988 O $12,010 O $14,553 O $18,625 O $14,976 $9.891
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