The Social Security wage base limit was $147,000 in 2022. Hector received a business assignment...
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Accounting
The Social Security wage base limit was $147,000 in 2022. Hector received a business assignment of $100,000 from a partnership in which Hector was a general partner in 2022. This is Hector's only source of income for the year.
What is Hector's self-employment tax liability?
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