Amelia has wages of $45,000 and net income from a small unincorporated business of $70,000 for 2022.
Question:
Amelia has wages of $45,000 and net income from a small unincorporated business of $70,000 for 2022.
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 $160,000 rather than $45,000?
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a SE tax Social security tax Medicare tax 8016 1875 9891 Socia...View the full answer
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John Kago
Am a processional practicing accountant with 5 years experience in practice, I also happens to have hands on experience in economic analysis and statistical research for 3 years. am well conversant with Accounting packages, sage, pastel, quick books, hansa world, etc, I have real work experience with Strata, and SPSS
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Related Book For 
Pearsons Federal Taxation 2023 Comprehensive
ISBN: 9780137840656
36th Edition
Authors: Timothy J. Rupert, Kenneth E. Anderson, David S Hulse
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