JC recently graduated from veterinary school and opened her own professional practice. This year, her net profit
Question:
a. Her self-employment tax is $4,522, and her marginal income tax rate is 25 percent.
b. What percentage of the federal tax burden on JC’s business income is represented by the self-employment tax?
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Related Book For
Principles Of Taxation For Business And Investment Planning 2016 Edition
ISBN: 9781259549250
19th Edition
Authors: Sally Jones, Shelley Rhoades Catanach
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