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help please During the trox year, Taxpayes, who is single, eamed $125,000 in taxable salary from his employer. Taxpayer also conducted a self-employment activity during
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During the trox year, Taxpayes, who is single, eamed $125,000 in taxable salary from his employer. Taxpayer also conducted a self-employment activity during the year, the net profit of which was \$32.485.11. Determine Taxpayer's Self-Employment tax liability for the year. Reminder that the self-employment tax liability includes the Social Security and Medicare taxes due on the self-employment incoene only. Type your Step by Step Solution
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