4 Part 4 of 4 5.55 points eBook Print References Required information [The following information applies to the questions displayed below) Kiyara (single) is a 50 percent shareholder of Guardian Corporation (an S Corporation). Kiyara does not do any work for Guardian Corporation. Guardian Corporation reported $318,000 of business income for the year (2023). Before considering her business income allocation from Guardian Corporation and the self-employment tax deduction (if any), Kiyara's adjusted gross income was $268,000 (all employee salary). Kiyara has $40,900 in itemized deductions. Answer the following questions for Kiyara. Note: Leave no answer blank. Enter zero if applicable. d. What is Kiyara's additional Medicare tax liability (include all earned income in computing the tax)? Additional Medicare tax liability Ch
4 Part 4 of 4 5.55 points eBook Print References Required information [The following information applies to the questions displayed below) Kiyara (single) is a 50 percent shareholder of Guardian Corporation (an S Corporation). Kiyara does not do any work for Guardian Corporation. Guardian Corporation reported $318,000 of business income for the year (2023). Before considering her business income allocation from Guardian Corporation and the self-employment tax deduction (if any), Kiyara's adjusted gross income was $268,000 (all employee salary). Kiyara has $40,900 in itemized deductions. Answer the following questions for Kiyara. Note: Leave no answer blank. Enter zero if applicable. d. What is Kiyara's additional Medicare tax liability (include all earned income in computing the tax)? Additional Medicare tax liability Ch
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
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Part 4 of 4
5.55
points
eBook
Print
References
Required information
[The following information applies to the questions displayed below)
Kiyara (single) is a 50 percent shareholder of Guardian Corporation (an S Corporation). Kiyara does not do any work for
Guardian Corporation. Guardian Corporation reported $318,000 of business income for the year (2023). Before
considering her business income allocation from Guardian Corporation and the self-employment tax deduction (if any),
Kiyara's adjusted gross income was $268,000 (all employee salary). Kiyara has $40,900 in itemized deductions. Answer
the following questions for Kiyara.
Note: Leave no answer blank. Enter zero if applicable.
d. What is Kiyara's additional Medicare tax liability (include all earned income in computing the tax)?
Additional Medicare tax liability
Ch"
Transcribed Image Text:4
Part 4 of 4
5.55
points
eBook
Print
References
Required information
[The following information applies to the questions displayed below)
Kiyara (single) is a 50 percent shareholder of Guardian Corporation (an S Corporation). Kiyara does not do any work for
Guardian Corporation. Guardian Corporation reported $318,000 of business income for the year (2023). Before
considering her business income allocation from Guardian Corporation and the self-employment tax deduction (if any),
Kiyara's adjusted gross income was $268,000 (all employee salary). Kiyara has $40,900 in itemized deductions. Answer
the following questions for Kiyara.
Note: Leave no answer blank. Enter zero if applicable.
d. What is Kiyara's additional Medicare tax liability (include all earned income in computing the tax)?
Additional Medicare tax liability
Ch
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