Arnie and Angela are married and file a joint return in 2022. Arnie is a partner in

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Arnie and Angela are married and file a joint return in 2022. Arnie is a partner in a public accounting firm. His share of the partnership’s income in the current year is $40,000, and he receives guaranteed payments of $35,000. Angela receives wages of $50,000 from a large corporation. What is each taxpayer’s self-employment tax amount?

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Pearsons Federal Taxation 2023 Comprehensive

ISBN: 9780137840656

36th Edition

Authors: Timothy J. Rupert, Kenneth E. Anderson, David S Hulse

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