Question
In the year 2023 , with the social security wage cap set at $160,200 , Alex obtained a $100,000 income distribution from a partnership where
In the year 2023 , with the social security wage cap set at
$160,200, Alex obtained a
$100,000income distribution from a partnership where Alex served as a general partner. This distribution represents Alex's sole income for that year. What amount of self-employment tax does Alex owe? Round the final figure to the nearest whole dollar.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
