Katrina has wages of $150,000 in 2022. She also operates a small business that generated net profits

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Katrina has wages of $150,000 in 2022. She also operates a small business that generated net profits of $10,000. What is Katrina’s total self-employment tax?

a. $0

b. $267.82

c. $290.00

d. $1,530.00

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Income Tax Fundamentals 2023

ISBN: 9780357719527

41st Edition

Authors: Gerald E. Whittenburg, Steven Gill

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