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L L C Tax Calculator Knowledge Check

Sharpen your l l c tax calculator skills with algorithmically generated problems. Each attempt produces unique values to test your formula knowledge.

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Your LLC's net earnings from self-employment are $147000. Your total self-employment tax is $17500. You can deduct half of your self-employment tax for federal income tax purposes. What is your taxable income for federal income tax purposes if there are no other deductions?

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