Question
Alice is single and self-employed in 2022. Her net business profit on her Schedule C for the year is $170,000. What are her self-employment tax
Alice is single and self-employed in 2022. Her net business profit on her Schedule C for the year is $170,000.
What are her self-employment tax liability and additional Medicare tax liability for 2022?
Note: Round your final answers to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.
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Survey of Accounting
Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi
3rd Edition
978-1259683794, 77490835, 1259683796, 9780077490836, 978-0078110856
