Amelia has wages of $45,000 and net income from a small unincorporated business of $70,000 for 2016.

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Amelia has wages of $45,000 and net income from a small unincorporated business of $70,000 for 2016.
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 $120,000 rather than $45,000?

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Federal Taxation 2017 Individuals

ISBN: 9780134420868

30th Edition

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

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