Question: Please provide explanation Exercise 11-9 (Algorithmic) (LO. 6) In 2020, Miranda records net earnings from self-employment of $165,200. She has no other gross income. Determine

Please provide explanation

Please provide explanation Exercise 11-9 (Algorithmic) (LO. 6) In 2020, Miranda records

Exercise 11-9 (Algorithmic) (LO. 6) In 2020, Miranda records net earnings from self-employment of $165,200. She has no other gross income. Determine the amount of Miranda's self-employment tax and her for AGI income tax deduction. In your computations round all amounts to two decimal places. Round your final answers to the nearest dollar. Miranda's self-employment tax is $ X and she has a si x deduction for AGI

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