QUESTION 7 Erin, who is a self-employed party consultant, made $60,000 in net income from her business in 2020, Compute her self-employment tax liablity for 2020. Make sure you consult the book and how to compute this amount 54.590 $7,440 $8.477.73 59.180,00 QUESTIONS Eric and will have a partnership. They agree to split profits and losses 40% for Erit and 60% for Will. Their begining capital accounts were $100,000 and 5150.000 in 2019. They made no withdrawals in 2019 but the partnership incurred a loss of $50,000. During 2020 the partnership made a profit of $100,000. What is the amount of taxable income for 2020 and their ending capital balances at the end of 2020 if Eric withdrew 140.000 and we withdraw 530,000 Eric 520,000 and 580,000 Will 130,000 and $150,000 Eric, 5.40,000 and $80,000 Will $10,000 and 5150,000 Eric, $40,000 and $100,000 Will, $60,000 and 5180.000 None of the other three are correct