Amelia has wages of ($45,000) and net income from a small unincorporated business of ($70,000) for 2023.

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Amelia has wages of $$45,000$ and net income from a small unincorporated business of $$70,000$ for 2023.

a. What is the amount of Amelia’s self-employment (SE) tax and deduction for AGI for her SE tax?

b. How would your answer to Part a change if Amelia’s wages were $$180,000$ rather than

$$45,000$?

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Pearsons Federal Taxation 2024 Individuals

ISBN: 9780138238100

37th Edition

Authors: Mitchell Franklin, Luke E. Richardson

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Question Posted: Apr 08, 2024 08:00 AM

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Amelia has wages of ($45,000) and net income from a small unincorporated business of ($70,000) for 2023.

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Pearsons Federal Taxation 2024 Individuals

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