Problem $12-47($LO$.6)$

a$.$ In $2023,$ Maria records self$-$employed earnings of $$135,000.$ Using the format illustrated in the text, compute Maria's self$-$employment tax liability and the allowable income tax deduction for the self$-$employment tax paid.

Do not round intermediate computations. Round your final answers to the nearest dollar.

Maria's self$-$employment tax liability is $ $,$ and the allowable income tax deduction for the self$-$employment tax paid is $ $x.$

b$.$ Select the appropriate calculation of the $2023$ self$-$employment tax as a Microsoft Excel formula.

$)(160,200,C4**0\mathrm{.}9235**0\mathrm{.}153,((C4**0\mathrm{.}9235**0\mathrm{.}029)+(160,200**0\mathrm{.}153))$

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The tax on self$-$employment income is levied to provide Social Security and Medicare benefits $($old age, survivors, and disability insurance and hospital insurance$)$ for self$-$employed individuals.