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Carri and Dane, ages 34 and 32 , respectively, have been married for 11 years, and both are active participants in employer-qualified retirement plans. Their
Carri and Dane, ages 34 and 32 , respectively, have been married for 11 years, and both are active participants in employer-qualified retirement plans. Their total AGI in 2021 is $201,000, and they earn salaries of $89,000 and $95,000, respectively. Click here to access Exhibit 11.2. Compute the following amounts. If an amount is zero, enter " 0 ". Do not round intermediate computations. In 2021, Miranda records net earnings from self-employment of $207,000. She has no other gross income. Determine the amount of Miranda's self-employment tax and her for AGI income tax deduction. In your computations round all amounts to two decimal places. Round your final answers to the nearest dollar. Miranda's self-employment tax is $ X and she has $ X deduction for AGI
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