Andrea is an employee of Fern Corporation. She also has her own business working as a life

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Andrea is an employee of Fern Corporation. She also has her own business working as a life coach. For 2017, Andrea's wages from Fern were $210,000. Her self-employment income was $30,000.
a. Compute the payroll, self-employment, and additional Medicare taxes for Andrea for 2017.
b. Assume the same facts except that Andrea's 2017 self-employment activities resulted in a loss of $15,000. Compute the payroll, self-employment, and additional Medicare taxes for Andrea for 2017.
c. Compute Andrea's NIIT for 2017 using wages of $210,000, self-employment income of $30,000, and NII of $20,000.
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South Western Federal Taxation 2018 Corporations Partnerships Estates And Trusts

ISBN: 1389

41st Edition

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

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