In 2016 Landon has self-employment earnings of $195,000. Compute Landon's self- employment tax liability and the allowable
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In 2016 Landon has self-employment earnings of $195,000. Compute Landon's self- employment tax liability and the allowable income tax deduction of the self-employment tax paid.
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195000 x 9235 180083 FICA Social security limit 118500 x 1240 14694 ...View the full answer
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Related Book For
Fundamentals Of Taxation 2017
ISBN: 9781259752735
10th Edition
Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone
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