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In 2019, Landon has self-employment earnings of $203,000. Required: Compute Landons self-employment tax liability and the allowable income tax deduction of the self-employment tax paid.
In 2019, Landon has self-employment earnings of $203,000. Required: Compute Landons self-employment tax liability and the allowable income tax deduction of the self-employment tax paid. (Round your intermediate computations and final answers to the nearest whole dollar value.)
Total Self-Employment Tax Liability?
Self-Employment Tax Deduction?
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