FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Problem 8-66 (LO 8-3) (Algo)
Alice is single and self-employed in 2022. Her net business profit on her Schedule C for the year is $186,000.
What are her self-employment tax liability and additional Medicare tax liability for 2022?
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
$
0
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Transcribed Image Text:Problem 8-66 (LO 8-3) (Algo) Alice is single and self-employed in 2022. Her net business profit on her Schedule C for the year is $186,000. What are her self-employment tax liability and additional Medicare tax liability for 2022? 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 $ 0
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