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Carrie, a single taxpayer, reports the following items for 2019: E (Click the icon to view the items reported in 2019.) Requirements a. What is
Carrie, a single taxpayer, reports the following items for 2019: E (Click the icon to view the items reported in 2019.) Requirements a. What is the amount of Carrie's self-employment tax? b. How would your answer to Part a change if Carrie's salary were $ 155,000? Requirement a. What is the amount of Carrie's self-employment tax? (Round all currency amounts to the nearest whole dollar. Enter a "0" for any zero balances. Abbreviations used: SE = self-employment tax; OASDI = old-age, survivors, and disability insurance; HI = hospital insurance [Medicare].) SE tax for OASDI SE tax for HI Total SE tax $ 65,000 23,000 Salary (subject to withholding) Income for serving on the Board of Directors for XYZ Corporation Consulting gross income Expenses related to consulting practice 5,000 (14,000) Carrie, a single taxpayer, reports the following items for 2019: E (Click the icon to view the items reported in 2019.) Requirements a. What is the amount of Carrie's self-employment tax? b. How would your answer to Part a change if Carrie's salary were $ 155,000? Requirement a. What is the amount of Carrie's self-employment tax? (Round all currency amounts to the nearest whole dollar. Enter a "0" for any zero balances. Abbreviations used: SE = self-employment tax; OASDI = old-age, survivors, and disability insurance; HI = hospital insurance [Medicare].) SE tax for OASDI SE tax for HI Total SE tax $ 65,000 23,000 Salary (subject to withholding) Income for serving on the Board of Directors for XYZ Corporation Consulting gross income Expenses related to consulting practice 5,000 (14,000)
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