Andrea is an employee of Fern Corporation and single
Andrea is an employee of Fern Corporation and single. She also has her own business working as a life coach. For 2022, Andrea's wages from Fern were $216,000. Her self-employment income was $56,600. If required, round interim computations and final answers to the nearest dollar.
a. Compute the total payroll, self-employment, and additional Medicare taxes for Andrea for 2022.
b. Assume the same facts except that Andrea's 2022 self-employment activities resulted in a loss of $58,600. Compute the total payroll, self-employment, and additional Medicare taxes for Andrea for 2022.
c. Compute Andrea's NIIT for 2022 using wages of $216,000, self-employment income of $56,600 and NII of $22,800. There are no expenses allocable to any investment income.
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