Alice is single and self-employed in 2023. Her net business profit on her Schedule C for the year is $191,800. 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.
Alice is single and self-employed in 2023. Her net business profit on her Schedule C for the year is $191,800. 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.
Chapter6: Business Expenses
Section: Chapter Questions
Problem 59P
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![Alice is single and self-employed in 2023. Her net business profit on her Schedule C for the year is $191,800.
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.
Self-employment tax liability
Additional medicare tax liability](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Faa51b07d-df0b-4bb9-a4d1-be6971d69549%2Fffcd8d9e-52c3-45fe-8b1f-4710eef5aa5a%2Fxaqrl6_processed.png&w=3840&q=75)
Transcribed Image Text:Alice is single and self-employed in 2023. Her net business profit on her Schedule C for the year is $191,800.
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.
Self-employment tax liability
Additional medicare tax liability
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