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Problem 6 (20 Points; 12 minutes) Shota, who is single with no dependents, has the following for the calendar year 2018: RECEIPTS FOR YEAR Gross

Problem 6 (20 Points; 12 minutes)

Shota, who is single with no dependents, has the following for the calendar year 2018:

RECEIPTS FOR YEAR

Gross income from planning practice $ 106,200

Business expenses for practice 32,100

Interest from Friendly Bank 4,236

EXPENDITURES FOR YEAR

Contribution to Solo(k) retirement plan 1,992

QBI Deduction 14,820

Itemized deductions 11,400

How much is Shotas self-employment tax, adjusted gross income and taxable income?

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