In 2023, Miranda records net earnings from self-employment of $180,000. She has no other income....
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Accounting
In Miranda records net earnings from selfemployment of $ She has no other income. Determine the amount of Miranda's selfemployment 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 selfemployment tax is $fill in the blank
and she has a $fill in the blank
deduction for AGI.The tax on selfemployment income is levied to provide Social Security and Medicare benefits old age, survivors, and disability insurance and hospital insurance for selfemployed individuals.
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