Solved

Tanya Has Earnings from Self-Employment of $240,000,resulting in Self-Employment Tax

Question 11

Multiple Choice

Tanya has earnings from self-employment of $240,000,resulting in self-employment tax of $22,908 and Additional Medicare Tax of $360.Due to these taxes,Tanya will be allowed a deduction for AGI of


A) $11,634.
B) $23,268.
C) $11,454.
D) $22,908.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions