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In 2022 Landon has self-employment earnings of $207,000. Required: Compute Landon's self-employment tax llability and the allowable Income tax deduction of the self-employment tax pald.
In 2022 Landon has self-employment earnings of \$207,000. Required: Compute Landon's self-employment tax llability and the allowable Income tax deduction of the self-employment tax pald. Note: Round your intermedlate computations and final answers to the nearest whole dollar value. Casper used the following assets in his Schedule C trade or business in the tax year 2022. Casper is a new client and unfortunately does not have a copy of his prior year's tax return. He recalls that all of the assets purchased in prior years used MACRS depreclation (no \$179 expense or bonus). Casper does not wish to take a \$179 or bonus depreclatlon. (Use Table 6A-1 and Table 6A-8) Required: Calculate the current-year depreclation allowance for Casper's business. Note: Round your final answers to the nearest whole dollar amount
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