Tax Drill - Self-Employment Tax In 2023, Miranda records net earnings from self-employment of $180,000. She has no other income. Determine the amount of Miranda's self-employment tax and her for AGI income tax deduction. In your computations, round all amounts to two decimal places. Round your final answers to the nearest dollar. Miranda's self-employment tax is $fill in the blank 1 25,432 and she has a $fill in the blank 2 12,716 deduction for AGI.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Tax Drill - Self-Employment Tax In 2023, Miranda records net earnings from self-employment of $180,000. She has no other income. Determine the amount of Miranda's self-employment tax and her for AGI income tax deduction. In your computations, round all amounts to two decimal places. Round your final answers to the nearest dollar. Miranda's self-employment tax is $fill in the blank 1 25,432 and she has a $fill in the blank 2 12,716 deduction for AGI.

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