Question: Alice is single and self - employed in 2 0 2 4 . Her net business profit on her Schedule C for the year is

Alice is single and self-employed in 2024. Her net business profit on her Schedule C for the year is $194,800. What are her self-employment tax liability and additional Medicare tax liability for 2024? Recall that the maximum base for the Social Security component of self-employment taxes is $168,600 for 2024.

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