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In 2022, Landon has self-employment earnings of $195,000. Required: Compute Landons self-employment tax liability and the allowable income tax deduction of the self-employment tax paid.
In 2022, Landon has self-employment earnings of $195,000. Required: Compute Landons self-employment tax liability and the allowable income tax deduction of the self-employment tax paid. Note: Round your intermediate computations and final answers to the nearest whole dollar value.
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