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Can I get help please! Question 5 1 pts In 2019, Kelly recorded $90,000 of net earnings from a data imaging service business that she
Can I get help please!
Question 5 1 pts In 2019, Kelly recorded $90,000 of net earnings from a data imaging service business that she owns. During 2019, she also received wages of $35,000 as an employee of a small accounting firm. What is Kelly's self-employment tax liability? (Round your final answer to the nearest whole dollar.) Question 3 0.75 pts Silver Corporation provides its employees with a group term life insurance policy with coverage equal to the employee's annual salary. Kay, age 58, is president of the corporation and receives an annual salary of $400,000. How much must Kay include in gross income related to the insurance protection for the year? Exhibit 11.1 Uniform Premiums for $1,000 of Group Term Life Insurance Protection Attained Age on Last Day of Employee's Tax Year cost of $1,000 of Protection for a One-Month Period * Under 25 $ 0.05 25 29 0.06 30 34 0.08 0.09 0.10 0.15 $ 50-54 55-59 60-64 65-69 70 and aboveStep by Step Solution
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