Carl is a self-employed real estate agent. For the current year, his self-employment net earnings...
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Accounting
Carl is a selfemployed real estate agent. For the current year, his selfemployment net earnings revenues minus expenses are $ He is also employed as an accountant with a gross salary of $ for the year. Assume that the appropriate social security income ceiling for the year is $ and that the selfemployed FICA rates are for social security and for Medicare. What is Carl s selfemployment tax liability for the year, rounded to the nearest dollar?
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$
$
$
$
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