Alice is single and self-employed in 2023. Her net business profit on her Schedule C for the year is $190,000. What are her self-employment tax liability and additional Medicare tax liability for 2023? Note: Round your final answers to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable Self-employment tax liability Additional medicare tax liability

Alice is single and self-employed in 2023. Her net business profit on her Schedule C for the year is $190,000. What are her self-employment tax liability and additional Medicare tax liability for 2023? Note: Round your final answers to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable Self-employment tax liability Additional medicare tax liability

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter6: Business Expenses

Section: Chapter Questions

Problem 59P

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