LO 9.4 11. Stew is a self-employed surfboard maker in 2010. His Schedule C net income is

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LO 9.4 11. Stew is a self-employed surfboard maker in 2010. His Schedule C net income is $104,000 for the year. He also has a part-time job and earns $8,500 in wages subject to FICA taxes.

Calculate Stew’s self-employment tax for 2010 using Schedule SE on pages 9-47 and 9-48.

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Income Tax Fundamentals 2011

ISBN: 9780538469197

29th Edition

Authors: Gerald E. Whittenburg, Martha Altus-Buller

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