Anita, a single taxpayer, reports the following items for 2022: a. What is the amount of Anitas
Question:
Anita, a single taxpayer, reports the following items for 2022:
a. What is the amount of Anita’s self-employment tax?
b. How would your answer to Part a change if Anita’s salary were $160,000?
Transcribed Image Text:
Salary Income for serving on the Board of Directors for XYZ Corporation Consulting gross income Expenses related to consulting practice $20,000 11,000 9,000 (15,000)
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a Taxpayers may deduct losses from selfemployment activitie...View the full answer
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The following are details of my Areas of Effectiveness English Language Proficiency, Organization Behavior , consumer Behavior and Marketing, Communication, Applied Statistics, Research Methods , Cognitive & Affective Processes, Cognitive & Affective Processes, Data Analysis in Research, Human Resources Management ,Research Project,
Social Psychology, Personality Psychology, Introduction to Applied Areas of Psychology,
Behavioral Neurosdence , Historical and Contemporary Issues in Psychology, Measurement in Psychology, experimental Psychology,
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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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