Assume a taxpayer had a 2022 self-employment tax liability of $29,322, which was compromised of the...
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Assume a taxpayer had a 2022 self-employment tax liability of $29,322, which was compromised of the following $15,922 Social Security tax, $11,600 Medicare tax, and $1,800 additional Medicare tax. How much self-employment tax deduction will this taxpayer claim in 2022? Assume a taxpayer had a 2022 self-employment tax liability of $29,322, which was compromised of the following $15,922 Social Security tax, $11,600 Medicare tax, and $1,800 additional Medicare tax. How much self-employment tax deduction will this taxpayer claim in 2022?
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Answer rating: 100% (QA)
To calculate the selfemployment tax deduction the taxpayer can use the follo... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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