please help me with b and c been stuck on this problem all day. Exercise 13-31 (LO. 5)Andrea is an employee of Fern Corporation and single. She also has her own businessworking as a life coach. For 2022, Andrea's wages from Fern were $210,000. Her self-employment income was $30,000. b. Assume the same facts except that Andrea's 2022 self-employment activities resulted ina loss of $15,000. Compute the total payroll, self-employment, and additional Medicaretaxes for Andrea for 2022.21,105.00 XFeedback▼ Check My WorkIncorrectc. Compute Andrea's NIIT for 2022 using wages of $210,000, self-employment income of$30,000 and NII of $20,000. There are no expenses allocable to any investment income.1,140.00

The total Payroll is required to be computed to reach the amount of net pay received by the employee…

me the same facts except that Andrea's 2022 ir-employmen activities resulted in ss of $15,000. Compute the total payroll, self-employment, and additional Medicare s for Andrea for 2022. 21,105.00 X eedback Check My Work Incorrect Compute Andrea's NIIT for 2022 using wages of $210,000, self-employment income of 000 and NII of $20,000. There are no expenses allocable to any investment income. 1,140.00

me the same facts except that Andrea's 2022 ir-employmen activities resulted in ss of $15,000. Compute the total payroll, self-employment, and additional Medicare s for Andrea for 2022. 21,105.00 X eedback Check My Work Incorrect Compute Andrea's NIIT for 2022 using wages of $210,000, self-employment income of 000 and NII of $20,000. There are no expenses allocable to any investment income. 1,140.00

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

please help me with b and c been stuck on this problem all day.

Exercise 13-31 (LO. 5)
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 $210,000. Her self-
employment income was $30,000.

b. Assume the same facts except that Andrea's 2022 self-employment activities resulted in
a loss of $15,000. Compute the total payroll, self-employment, and additional Medicare
taxes for Andrea for 2022.
21,105.00 X
Feedback
▼ Check My Work
Incorrect
c. Compute Andrea's NIIT for 2022 using wages of $210,000, self-employment income of
$30,000 and NII of $20,000. There are no expenses allocable to any investment income.
1,140.00

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