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Chapter 15 Homework Question 2
Question
Chapter 15 Homework
2. Amelia has wages of $45,000 and net income from a small unincorporated business of $70,000 for 2020.
Requirements
- What is the amount of Amelia’s self-employment (SE) tax and deduction for AGI for her SE tax?
- How would your answer to Part a change if Amelia’s wages were $140,000 rather than $45,000?
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or chat with our tutorsThis question is taken from Accounting 015 – Tax Accounting I » Spring 2021 » Chapter 15 Homework