5. For 2010, Roberta is a self-employed truck driver with earnings of $43,000 from her business. During

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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

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Income Tax Fundamentals 2011

ISBN: 9780538469197

29th Edition

Authors: Gerald E. Whittenburg, Martha Altus-Buller

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