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 tax
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.)
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Managerial Accounting An Introduction to Concepts Methods and Uses
Authors: Michael W. Maher, Clyde P. Stickney, Roman L. Weil
10th Edition
1111822239, 324639767, 9781111822231, 978-0324639766
