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Walter has the following items of income for 2023: Sole proprietorship income $185,000 General partnership income $5,000 Interest income $1,200 What is the amount of
Walter has the following items of income for 2023: Sole proprietorship income $185,000 General partnership income $5,000 Interest income $1,200 What is the amount of self-employment tax Walter owes? Round your answer to the nearest dollar.Walter has the following items of income for 2023:
Sole proprietorship income$185,000General partnership income$5,000Interest income$1,200What is the amount of self-employment tax Walter owes? Round your answer to the nearest dollar.
A)
$25,429
B)
$25,245
C)
$24,820
D)
$22,460
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