Amelia has wages of $45,000 and net income from a small unincorporated business of $70,000 for 2017.

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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 $140,000 rather than $45,000?

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Federal Taxation 2018 Comprehensive

ISBN: 9780134532387

31st Edition

Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson

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Question Posted: Apr 02, 2018 01:29 AM

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Amelia has wages of $45,000 and net income from a small unincorporated business of $70,000 for 2017.

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Federal Taxation 2018 Comprehensive

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