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it's Same question i have A/C/D - Cune is 5 inale and her sele teurte of income is from her butiness activides - it is
it's Same question i have A/C/D
- Cune is 5 inale and her sele teurte of income is from her butiness activides - it is expected that her business meets the definition of a trade or business for qualified Butiness locome deduction putposes - The business generates $140,000 of net income befsee contemplating afy taves - Elaine is assuming a reasonable compensation amount of 550,000 - As a C Corporation, the business wil dividend ost all earnircs atter tauti are paid to Eaine 2 inform fx Accessibility tab summary: Students please use the information belov c D Students: The scratchpad area is for you to do any additional work you need to solve this question or can be used to show your work. Nothing in this area will be graded, but it will be submitted with your assignment. Required information [The following information applies to the questions displayed below.] Kiyara (single) is a 50 percent shareholder of Guardian Corporation (an S Corporation). Kiyara does not do any work for Guardian Corporation. Guardian Corporation reported $330,000 of business income for the year (2022). Before considering her business income allocation from Guardian Corporation and the self-employment tax deduction (if any), Kiyara's adjusted gross income was \$280,000 (all employee salary). Kiyara has $41,500 in itemized deductions. Answer the following questions for Kiyara. Note: Leave no answer blank. Enter zero if applicable. c. What is Kiyara's net investment income tax liability (assume no investment expenses)? Required information [The following information applies to the questions displayed below.] Kiyara (single) is a 50 percent shareholder of Guardian Corporation (an S Corporation). Kiyara does not do any work for Guardian Corporation. Guardian Corporation reported $330,000 of business income for the year (2022). Before considering her business income allocation from Guardian Corporation and the self-employment tax deduction (if any), Kiyara's adjusted gross income was $280,000 (all employee salary). Kiyara has $41,500 in itemized deductions. Answer the following questions for Kiyara. Note: Leave no answer blank. Enter zero if applicable. a. What is Kiyara's self-employment tax liability? Required information [The following information applies to the questions displayed below.] Kiyara (single) is a 50 percent shareholder of Guardian Corporation (an S Corporation). Kiyara does not do any work for Guardian Corporation. Guardian Corporation reported $330,000 of business income for the year (2022). Before considering her business income allocation from Guardian Corporation and the self-employment tax deduction (if any), Kiyara's adjusted gross income was $280,000 (all employee salary). Kiyara has $41,500 in itemized deductions. Answer the following questions for Kiyara. Note: Leave no answer blank. Enter zero if applicable. d. What is Kiyara's additional Medicare tax liability (include all earned income in computing the tax)? - Cune is 5 inale and her sele teurte of income is from her butiness activides - it is expected that her business meets the definition of a trade or business for qualified Butiness locome deduction putposes - The business generates $140,000 of net income befsee contemplating afy taves - Elaine is assuming a reasonable compensation amount of 550,000 - As a C Corporation, the business wil dividend ost all earnircs atter tauti are paid to Eaine 2 inform fx Accessibility tab summary: Students please use the information belov c D Students: The scratchpad area is for you to do any additional work you need to solve this question or can be used to show your work. Nothing in this area will be graded, but it will be submitted with your assignment. Required information [The following information applies to the questions displayed below.] Kiyara (single) is a 50 percent shareholder of Guardian Corporation (an S Corporation). Kiyara does not do any work for Guardian Corporation. Guardian Corporation reported $330,000 of business income for the year (2022). Before considering her business income allocation from Guardian Corporation and the self-employment tax deduction (if any), Kiyara's adjusted gross income was \$280,000 (all employee salary). Kiyara has $41,500 in itemized deductions. Answer the following questions for Kiyara. Note: Leave no answer blank. Enter zero if applicable. c. What is Kiyara's net investment income tax liability (assume no investment expenses)? Required information [The following information applies to the questions displayed below.] Kiyara (single) is a 50 percent shareholder of Guardian Corporation (an S Corporation). Kiyara does not do any work for Guardian Corporation. Guardian Corporation reported $330,000 of business income for the year (2022). Before considering her business income allocation from Guardian Corporation and the self-employment tax deduction (if any), Kiyara's adjusted gross income was $280,000 (all employee salary). Kiyara has $41,500 in itemized deductions. Answer the following questions for Kiyara. Note: Leave no answer blank. Enter zero if applicable. a. What is Kiyara's self-employment tax liability? Required information [The following information applies to the questions displayed below.] Kiyara (single) is a 50 percent shareholder of Guardian Corporation (an S Corporation). Kiyara does not do any work for Guardian Corporation. Guardian Corporation reported $330,000 of business income for the year (2022). Before considering her business income allocation from Guardian Corporation and the self-employment tax deduction (if any), Kiyara's adjusted gross income was $280,000 (all employee salary). Kiyara has $41,500 in itemized deductions. Answer the following questions for Kiyara. Note: Leave no answer blank. Enter zero if applicable. d. What is Kiyara's additional Medicare tax liability (include all earned income in computing the tax) Step by Step Solution
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