Problem $4-48$ Part a $($Static$)$

a$.$ What is Omar's self$-$employment tax liability? Required information

Problem $4-48($LO $4-3)($Static$)$

$[$The following information applies to the questions displayed below.$]$

Omar $($single$)$ is a $50$ percent owner in Cougar LLC $($taxed as a partnership$).$ Omar works half time for Cougar and receives guaranteed payment of $\backslash (\backslash$$ $50,000\backslash ).$ Cougar LLC reported $\backslash (\backslash$$ $450,000\backslash )$ of business income for the year. Before considering his $50$ percent business income allocation from Cougar and the self$-$employment tax deduction $($if any$),$ Omar's adjusted gross income is $\backslash (\backslash$$ $210,000\backslash )($includes $\backslash (\backslash$$ $50,000\backslash )$ guaranteed payment from Cougar and $\backslash (\backslash$$ $180,000\backslash )$ salary from a different employer$).$ Omar reports itemized deductions of $\backslash (\backslash$$ $40,000\backslash ).$ Answer the following questions for Omar.

Note: Leave no answer blank. Enter zero if applicable. Round your intermediate calculations and final answers to the nearest whole dollar.

Problem $4-48$ Part b $($Static$)$

b$.$ What would be Omar's self$-$employment tax liability if he didn't receive any salary? Required information

Problem $4-48($LO $4-3)($Static$)$

$[$The following information applies to the questions displayed below.$]$

Omar $($single$)$ is a $50$ percent owner in Cougar LLC $($taxed as a partnership$).$ Omar works half time for Cougar and receives guaranteed payment of $\backslash (\backslash$$ $50,000\backslash ).$ Cougar LLC reported $\backslash (\backslash$$ $450,000\backslash )$ of business income for the year. Before considering his $50$ percent business income allocation from Cougar and the self$-$employment tax deduction $($if any$),$ Omar's adjusted gross income is $\backslash (\backslash$$ $210,000\backslash )($includes $\backslash (\backslash$$ $50,000\backslash )$ guaranteed payment from Cougar and $\backslash (\backslash$$ $180,000\backslash )$ salary from a different employer$).$ Omar reports itemized deductions of $\backslash (\backslash$$ $40,000\backslash ).$ Answer the following questions for Omar.

Note: Leave no answer blank. Enter zero if applicable. Round your intermediate calculations and final answers to the nearest whole dollar.

Problem $4-48$ Part c $($Static$)$

c$.$ Assume the original facts and that the business income allocated to Omar is not from a specified service. What is Omar's deduction for qualified business income? Assume that $81\mathrm{.}82$ percent of the self$-$employment tax is from self$-$employment income included in QBI $[$i$.$e$.,\backslash (\backslash$$ $225,000\backslash )$ business income allocation $\backslash (\backslash$div $\backslash$$ $275,000\backslash )($business income allocation plus guaranteed payment$)].$ That is$,$ the $\backslash (\backslash$$ $50,000\backslash )$ guaranteed payment is not qualified business income. Ignore the wage$-$based limitation$.$ Required information

Problem $4-48($LO $4-3)($Static$)$

$[$The following information applies to the questions displayed below.$]$

Omar $($single$)$ is a $50$ percent owner in Cougar LLC $($taxed as a partnership$).$ Omar works half time for Cougar and receives guaranteed payment of $\backslash (\backslash$$ $50,000\backslash ).$ Cougar LLC reported $\backslash (\backslash$$ $450,000\backslash )$ of business income for the year. Before considering his $50$ percent business income allocation from Cougar and the self$-$employment tax deduction $($if any$),$ Omar's adjusted gross income is $\backslash (\backslash$$ $210,000\backslash )($includes $\backslash (\backslash$$ $50,000\backslash )$ guaranteed payment from Cougar and $\backslash (\backslash$$ $180,000\backslash )$ salary from a different employer$).$ Omar reports itemized deductions of $\backslash (\backslash$$ $40,000\backslash ).$ Answer the following questions for Omar.

Note: Leave no answer blank. Enter zero if applicable. Round your intermediate calculations and final answers to the nearest whole dollar.

Problem $4-48$ Part e $($Static$)$

e$.$ What is Omar's additional Medicare tax liability?