Question
Melva Rhymer, a self-employed electrician, has Schedule C income of $180,000 during the year 2020. What is Melva's self-employment tax liability? What may Melva deduct
Melva Rhymer, a self-employed electrician, has Schedule C income of $180,000 during the year 2020. What is Melva's self-employment tax liability? What may Melva deduct on her Form 1040 in regards to the self-employment tax paid? Where is this amount reported?
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Melva Rhymer as a selfemployed individual is subject to selfemployment tax which consists of both th...
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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
