Question
Alice is single and self-employed in 2021. Her net business profit on her Schedule C for the year is $162,000. What are her self-employment
Alice is single and self-employed in 2021. Her net business profit on her Schedule C for the year is $162,000. What are her self-employment tax liability and additional Medicare tax liability for 2021? (Round your final answers to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.) Self-employment tax liability Additional medicare tax liability
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Financial Accounting Theory and Analysis Text and Cases
Authors: Richard G. Schroeder, Myrtle W. Clark, Jack Cathey
11th edition
9781118806500, 1118582799, 1118806506, 978-1118582794
