In 2022, when the Social Security wage base limitation was $147,000, Jacee received a $100,000 business allocation was a general partner. This is Jacee's only source of income for the year. What is Jacee's self-employment tax liability Note: Round the final answer to the nearest whole dollar amount Multiple Choice $2,900 $3,824
In 2022, when the Social Security wage base limitation was $147,000, Jacee received a $100,000 business allocation was a general partner. This is Jacee's only source of income for the year. What is Jacee's self-employment tax liability Note: Round the final answer to the nearest whole dollar amount Multiple Choice $2,900 $3,824
Chapter8: Taxation Of Individuals
Section: Chapter Questions
Problem 57P
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Transcribed Image Text:In 2022, when the Social Security wage base limitation was $147,000, Jacee received a $100,000 business allocation from a partnership in which Jacee
was a general partner. This is Jacee's only source of income for the year. What is Jacee's self-employment tax liability?
Note: Round the final answer to the nearest whole dollar amount
Multiple Choice
$2,900
$3.824
14,130
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