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An individual is operating a business as a sole proprietorship and has revenue of $100,000 and expenses of $50,000 in a given year. The individual
An individual is operating a business as a sole proprietorship and has revenue of $100,000 and expenses of $50,000 in a given year. The individual also earns $5,000 from an outside part-time job. What is this individuals self-employment tax liability?
a. $7,065
b. $15,300
c. $14,130
d. $16,500
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