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Exercise 1 2 - 2 4 ( Algorithmic ) ( LO . 6 ) In 2 0 2 3 , Miranda records net earnings from
Exercise AlgorithmicLO In Miranda records net earnings from selfemployment of $ She has no other income. Determine the amount of Miranda's selfemployment tax and her AGI income tax deduction. In your computations, for the tax liability, round interim amounts to two decimal places and the final answer to the nearest whole dollar. For the AGI deduction, if necessary, use amounts that have been rounded to the nearest dollar. Miranda's selfemployment tax is $ and she has a: deduction for AGI.
Exercise AlgorithmicLO
In Miranda records net earnings from selfemployment of $ She has no other income. Determine the amount of Miranda's
selfemployment tax and her AGI income tax deduction.
In your computations, for the tax liability, round interim amounts to two decimal places and the final answer to the nearest
whole dollar. For the AGI deduction, if necessary, use amounts that have been rounded to the nearest dollar.
Miranda's selfemployment tax is $
and she has a:
deduction for AGI.
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