Question
Sarah (single) is a 50% owner in Beehive LLC (taxed as partnership). Sarah does not do any work for Beehive. Beehive LLC reported $600000 of
Sarah (single) is a 50% owner in Beehive LLC (taxed as partnership). Sarah does not do any work for Beehive. Beehive LLC reported $600000 of taxable business income for the year (2020). Before considering her 50 % business income allocation from Beehive and the self-employment tax deduction, Sarah's adjusted gross income is $150,000 (all employee salary).
a. What is Sarah's net investment income tax liability (assume no investment expenses)?
B. What is Sarah's additional Medicare tax liability?
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Management Information Systems Managing the Digital Firm
Authors: Kenneth C. Laudon, Jane P. Laudon
15th edition
134639715, 978-0134639710
