Morgan is a 50% managing member in the calendar year, cash basis MKK LLC.The LLC received $150,000 income from services and paid the following other amounts. How much will Morgan's adjusted gross income increase as a result of these items? What other deductions must be considered? What amount will be included in Morgan's self-employment tax calculation?

Question

Morgan is a 50% managing member in the calendar year, cash basis MKK LLC.The LLC received $150,000 income from services and paid the following other amounts.  How much will Morgan's adjusted gross income increase as a result of these items? What other deductions must be considered? What amount will be included in Morgan's self-employment tax calculation?

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The Answer of Morgan is a 50% managing member in the calendar year, cash basis MKK LLC.The LLC received $150,000 income from services and paid the following other amounts.  How much will Morgan's adjusted gross income increase as a result of these items? What other deductions must be considered? What amount will be included in Morgan's self-employment tax calculation?

Morgan Is a 50% Managing Member in the Calendar Year