2. Your friend, Ringo, performs music in addition to his regular job as an accountant at Amazon. His financial records for this side business include the following: Receipts from clients (Revenue): $8,400 Supplies Expense: $150 Vehicle Expense: $60 Value of vehicle: $6,000 Value of instruments: $3,000 Ringo has licensed his business with the state as a Limited Liability Company. He is required to pay excise tax(2% of net income) and property tax(3% of property value) in addition to additional federal income tax resulting from the net income Ringo has licensed his business with the state as a Limited Liability Company. He is required to pay excise tax ( 2% of net income) and property tax ( 3% of property value) in addition to additional federal income tax resulting from the net income of his music business listed on Schedule C. He is also liable for Self-employment tax at the rate of 15.3% of the net income reported on his Schedule C. If Ringo's marginal income tax rate (the amount charged for the net income reported on Schedule C) is 18%, how much must he pay in the various taxes listed? a. Excise tax- b. Property tax- c. Income tax- d. Self-employment tax