Question

In 2020, Miranda records net earnings from self-employment of $158,500. She has no other income. Determine...

In 2020, Miranda records net earnings from self-employment of $158,500. She has no other income. Determine the amount of Miranda's self-employment tax and her for AGI income tax deduction.

In your computations round all amounts to two decimal places. Round your final answers to the nearest dollar.

Miranda's self-employment tax is $ and she has a $ deduction for AGI.

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