John operates a sole-proprietorship business which reports $100,000 of self-employment income on Schedule C of...
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Accounting
John operates a sole-proprietorship business which reports $100,000 of self-employment income on Schedule C of IRS Form 1040 for 2021.
What amount of the $100,00 is subject to Self-employment Tax for 2021?
What is the Self-employment tax liability for 2021?
What amount is John entitled to deduct for AGI?
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