What is her self-employment tax liability and additional Medicare tax liability for 2020? Thx,
What is her self-employment tax liability and additional Medicare tax liability for 2020? Thx,
Chapter12: Alternative Minimum Tax
Section: Chapter Questions
Problem 30P: Lisa records nonrefundable Federal income tax credits of 65,000 for the year. Her regular income tax...
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Alice is single and self-employed in 2020. Her net business profit on her Schedule C for the year is $200,000.
Question:
What is her self-employment tax liability and additional Medicare tax liability for 2020?
Thx,
Stephanie
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