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In 2023, when the Social Security wage base limitation was $160,200, Katrina received a $200,000 business allocation from a partnership in which Katrina was a
In 2023, when the Social Security wage base limitation was $160,200, Katrina received a $200,000 business allocation from a partnership in which Katrina was a general partner. This is Katrinas only source of income for the year. What is Katrinas self-employment tax liability?
Note: Round the final answer to the nearest whole dollar amount.
$5,356 | ||
$5,800 | ||
$25,221 | ||
$28,259 |
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