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What is self-employment additional Medicare tax liability

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Problem - Eva received $55,000 in compensation payments from JAZZ Corp. during 2020. Eva incurred $7,000 in business expenses relating to her work for JAZZ Corp. JAZZ did not reimburse Eva for any of these expenses. Eva is single and she deducts a standard deduction of $12,400. Based on these facts, answer the following questions: Assume that Eva is considered to be a self-employed contractor. What is her self-employment tax liability and additional Medicare tax liability for the year?

Reference no: EM132638993

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