awsome12dusk
awsome12dusk
26.02.2021 • 
Business

Ben is self-employed as a house painter. All his earned income comes from his Schedule C business. His Net Self-employment income is $143,750 for 2020. Using the front page of the Schedule SE as a guide, please determine his Total SE tax liability and his FOR AGI adjustment for 1/2 of the SE tax liability. Giving you a huge hint here, but, follow the steps on the Schedule SE (including the percent limitation)

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