In 2017, Maria records self-employed earnings of $135,000. Using the format illustrated in the text, compute Marias

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In 2017, Maria records self-employed earnings of $135,000. Using the format illustrated in the text, compute Maria’s self-employment tax liability and the allowable income tax deduction for the self-employment tax paid.

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South Western Federal Taxation Individual Income Taxes 2018

ISBN: 9781337385893

41st Edition

Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young, Nellen

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Question Posted: May 24, 2018 05:10 AM

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In 2017, Maria records self-employed earnings of $135,000. Using the format illustrated in the text, compute Marias

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1 Net earnings from selfemployment 13500000 2 Multiply line 1 by 9235 12467250 3 If amount on li...View the full answer

South Western Federal Taxation Individual Income Taxes 2018

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