For 2023, Tony, who is single and 58 years old, is considering early retirement from his salaried
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For 2023, Tony, who is single and 58 years old, is considering early retirement from his salaried job. He currently has \($90,000\) salary and also earns \($60,000\) profit from a consulting business. What advice would you give Tony relative to the need to make Social Security tax payments if he retires and continues to be actively engaged as a consultant during his retirement?
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Related Book For
Pearsons Federal Taxation 2024 Individuals
ISBN: 9780138238100
37th Edition
Authors: Mitchell Franklin, Luke E. Richardson
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