Question
13. Pat generated self-employment income in 2016 of $76,000. The self-employment tax is: PLEASE SHOW ME THE MATH BEHIND FINDING THE ANSWER a. $0. b.
13. Pat generated self-employment income in 2016 of $76,000. The self-employment tax is:
PLEASE SHOW ME THE MATH BEHIND FINDING THE ANSWER
a. $0. b. $5,369.23. c. $10,738.46. d. $11,628.00.
14. The taxpayers marginal tax bracket is 25%. Which would the taxpayer prefer?
PLEASE SHOW ME THE MATH OR EXPLAIN THE REASONING BEHIND FINDING THE ANSWER
a. $1.00 taxable income rather than $1.25 tax-exempt income. b. $1.00 taxable income rather than $.75 tax-exempt income. c. $1.25 taxable income rather than $1.00 tax-exempt income. d. $1.40 taxable income rather than $1.00 tax-exempt income. e. None of these.
THANKS!
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