Ben is self-employed as a house painter. All his earned income comes from his Schedule C business. His Net Self-employment income is $143,750 for 2020. Using the front page of the Schedule SE as a guide, please determine his Total SE tax liability and his FOR AGI adjustment for 1/2 of the SE tax liability. Giving you a huge hint here, but, follow the steps on the Schedule SE (including the percent limitation)

On june 3, teal company sold to chester company merchandise having a sale price of $2,600 with terms of 2/10, n/60, f.o.b. shipping point. an invoice totaling $91, terms n/30, was received by chester on june 8 from john booth transport service for the freight cost. on june 12, the company received a check for the balance due from chester company. prepare journal entries on the teal company books to record all the events noted above under each of the following bases. (1) sales and receivables are entered at gross selling price. (2) sales and receivables are entered at net of cash discounts.