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Zolol [24]
3 years ago
10

In 2018, Maria records self-employed earnings of $135,000. Using the format illustrated in the text, compute Maria's self-employ

ment tax liability and the allowable income tax deduction for the self-employment tax paid. Do not round intermediate computations. Round your final answers to the dollar. Maria's self-employment tax liability is____________ $ , and the allowable income tax deduction for the self-employment tax paid is__________________ $ .
Business
1 answer:
xz_007 [3.2K]3 years ago
6 0

Answer:

$19,074.89; $9,537.45

Explanation:

135,000 * 92.35% = 124,672.50 < 127,200

124,672.50 * 15.3% = $19,074.89

19,074.89 * 50% = $9,537.45

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Answer:

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Explanation:

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3 years ago
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Answer:

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