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xercise 13-31 (Algorithmic) (LO. 5) ndrea is an employee of Fern Corporation and single. She also has her own business working as a life coach.
xercise 13-31 (Algorithmic) (LO. 5) ndrea is an employee of Fern Corporation and single. She also has her own business working as a life coach. For 2021, Andrea's wages rom Fern were $268,000. Her self-employment income was $37,400. f required, round any computations to two decimal places. Round final answers to the nearest dollar. . Compute the total payroll, self-employment, and additional Medicare taxes for Andrea for 2021. . Assume the same facts except that Andrea's 2021 self-employment activities resulted in a loss of $53,800. Compute the total payroll, self-employment, and additional Medicare taxes for Andrea for 2021. c. Compute Andrea's NIIT for 2021 using wages of $268,000, self-employment income of $37,400 and NII of $31,200. There are no expenses allocable to any investment income
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