Question
Tax Drill - Self-Employment Tax In 2020, Miranda records net earnings from self-employment of $158,500. She has no other income. Determine the amount of Miranda's
Tax Drill - Self-Employment Tax
In 2020, Miranda records net earnings from self-employment of $158,500. She has no other income. Determine the amount of Miranda's self-employment tax and her for AGI income tax deduction.
In your computations, round all amounts to two decimal places. Round your final answers to the nearest dollar.
Miranda's self-employment tax is $_____ and she has a $ ______ deduction for AGI.
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GAO Financial Audit Manual Volume 3 June 2018
Authors: United States Government GAO
2018 Edition
979-8733166001
