a. In 2022, Maria records self-employed earnings of $135,000. Using the format illustrated in the text, compute

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a. In 2022, 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.

b. Express the calculation of the 2022 self-employment tax as a Microsoft Excel formula.

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South Western Federal Taxation 2023 Comprehensive Volume

ISBN: 9780357719688

46th Edition

Authors: Annette Nellen, Andrew D. Cuccia, Mark Persellin, James C. Young

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Question Posted: Sep 24, 2023 07:49 AM

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a. In 2022, Maria records self-employed earnings of $135,000. Using the format illustrated in the text, compute

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a For income tax purposes in 2022 Maria claims a deduction for AGI of 953745 1907489 50 b W...View the full answer

South Western Federal Taxation 2023 Comprehensive Volume

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