Alice is single and self-employed in 2021. Her net business profit on her Schedule C for the year is $192,000. What are her self-employment tax liability and additional Medicare tax liability for 2021? (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 2021. Her net business profit on her Schedule C for the year is $192,000. What are her self-employment tax liability and additional Medicare tax liability for 2021? (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
Chapter6: Business Expenses
Section: Chapter Questions
Problem 59P
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