5. For 2010, Roberta is a self-employed truck driver with earnings of $43,000 from her business. During
Question:
5. For 2010, Roberta is a self-employed truck driver with earnings of $43,000 from her business. During the year, Roberta received $2,500 in interest income and dividends of $500. She also sold investment property and recognized a $1,500 gain. What is the amount of Roberta’s self-employment tax (Social Security and Medicare taxes)
liability for 2010?
a. $3,038
b. $3,290
c. $6,076
d. $6,579
e. None of the above LO 9.4
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Income Tax Fundamentals 2011
ISBN: 9780538469197
29th Edition
Authors: Gerald E. Whittenburg, Martha Altus-Buller
Question Posted: