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Please answer both of the questions NEED IT ASAP 4. Single taxpayer Dan Davis reports current year Medicare wages of $170,000, Schedule C net self-
Please answer both of the questions NEED IT ASAP
4. Single taxpayer Dan Davis reports current year Medicare wages of $170,000, Schedule C net self- employment income of $90,000, and net rental income of $10,000. What, if any, is the amount of Dan's additional Medicare tax for the Year? A. $ 630 B. 2,340 C. 540 D, 0 E. None of the above 5. Ellen Evans is eligible to be claimed as a dependent by her parents. For the current tax year, Ellen has wages of $12,400 and interest income of $600. What is Ellen's taxable income for the year assuming that she will claim the standard deduction? A, $ 250 B. 11,900 C. 0 D, 600 E. None of the aboveStep by Step Solution
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