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In March of 2020, Billie, 33, quit her corporate job and started her own personal training business. After a feature in Best Body magazine last

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In March of 2020, Billie, 33, quit her corporate job and started her own personal training business. After a feature in Best Body magazine last year, Billie became a highly sought-after trainer with many celebrity clients. During 2022, Billie had the following transactions related to her self-employment: - $380,000 of service revenues - $40,000 of deductible business expenses - $18,000 of health insurance premiums for herself Billie is single and is a cash method, calendar year taxpayer. a. What amount will Billie report as Gross Income on her 1040 ? $ b. What is Billie's Social Security obligation for the year? c. What is Billie's total Medicare obligation for the year? d. What is Billie's Adjusted Gross Income

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