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Calculate the total income and self-employment social security tax due on the 2021 joint income tax return for Bob and Jane if there income
Calculate the total income and self-employment social security tax due on the 2021 joint income tax return for Bob and Jane if there income was as follows. They have no children and use the standard deduction: Bob's wages: $10,000 Jane's wages: $45,000 Bob's Schedule F: $75,000 Jane's Schedule C: $15,000 Jane's Interest income: $500 Bob's K-1 from S-Corp: $4,000 199a Deduction: $13,940 Note: Type your answer in the blank indicated. You will be answering the questions as a number. When formatting, please use commas and DO NOT use decimals or dollar signs. These questions will have multiple parts to them. For example: What is depreciation? 1,000. What is Bob and Janes total Tax liability [a]
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