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CAN I GET SOME HELP ON THIS QUESTION, PLEASE? Ellen operates her business as a sole-proprietorship. During the year, Ellen's net income from her business
CAN I GET SOME HELP ON THIS QUESTION, PLEASE?
Ellen operates her business as a sole-proprietorship. During the year, Ellen's net income from her business is $250,000. What is Ellen's (a) Net income from self-employment, (b) OASDI tax, (c) MHI tax, and (d) self-employment tax deduction? For credit, you must round your answer to the NEAREST DOLLAR. Do NOT enter the dollar sign in your answer - only enter the numbers in the format "X,XXX" (e.g., one thousand dollars should be entered as 1,000). Ellen's net income from self-employment is $ Her OASDI tax is $ and MHI tax is $ Her self-employment tax deduction is $Step by Step Solution
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