Alice is single and self-employed in 2023. Her net business profit on her Schedule C for the year is $192,600. What are her self-employment tax liability and additional Medicare tax liability for 2023? Note: Round your final answers to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable. Answer is not complete. Self-employment tax liability Additional medicare tax liability $ 27,214

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Alice is single and self-employed in 2023. Her net business profit on her Schedule C for the year is $192,600.
What are her self-employment tax liability and additional Medicare tax liability for 2023?
Note: Round your final answers to the nearest whole dollar amount. Leave no answer blank. Enter zero if
applicable.
Answer is not complete.
Self-employment tax liability
Additional medicare tax liability
$
27,214
Transcribed Image Text:Alice is single and self-employed in 2023. Her net business profit on her Schedule C for the year is $192,600. What are her self-employment tax liability and additional Medicare tax liability for 2023? Note: Round your final answers to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable. Answer is not complete. Self-employment tax liability Additional medicare tax liability $ 27,214
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