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Amelia has wages of $45,000 and net income from a small unincorporated business of $70,000 for 2021. (Click on the icon to view the self-employment

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Amelia has wages of $45,000 and net income from a small unincorporated business of $70,000 for 2021. (Click on the icon to view the self-employment tax rate table.) Requirements a. What is the amount of Amelia's self-employment (SE) tax and deduction for AGI for her SE tax? b. How would your answer to Part a change if Amelia's wages were $150,000 rather than $45,000? Requirement a. What is the amount of Amelia's self-employment (SE) tax and deduction for AGI for her SE tax? Begin by completing the table below to show Amelia's SE tax for 2021 and then enter her deduction for AGI for her SE tax. (Round all currency amounts to the nearest whole dollar. Abbreviations used: OASDI = old-age, survivors, and disability insurance; HI = hospital insurance [Medicare].) SE tax for OASDI 8016 1875 SE tax for HI Total SE tax 9891 0 Amelia's deduction for AGI for her SE tax = 4946 Requirement b. How would your answer to Part a change if Amelia's wages were $150,000 rather than $45,000? Begin by completing the table below to show Amelia's SE tax for 2021 under the revised fact pattern and then enter her revised deduction for AGI for her SE tax. (Round all currency amounts to the nearest whole dollar. Enter a "0" for any zero balances. Abbreviations used: OASDI = old-age, survivors, and disability insurance; HI = hospital insurance [Medicare).) SE tax for OASDI Reference SE tax for HI 1875 Total SE tax 1875 Category Dollar Limit 938 Amelia's revised deduction for AGI for her SE tax = OASDI 12.4% $142,800 Medicare 2.9% First $200,000 of self-employment income ($250,000 combined self employment income for joint returns) Medicare 3.8% Self-employment income greater than $200,000 ($250,000 for joint returns) Rate

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