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Check my wow JC recently graduated from veterinary school and opened her own professional practice. Assume JC does not qualify for the QBI deduction.
Check my wow JC recently graduated from veterinary school and opened her own professional practice. Assume JC does not qualify for the QBI deduction. This year, her net profit was $22,300. Required: a. Compute JC's after-tax income from her practice assuming her self-employment tax is $3,151, and her marginal income tax rate is 22 percent b. What percentage of the federal tax burden on JC's business income is represented by the self-employment tax? Complete this question by entering your answers in the tabs below. Required A Required B Compute JC's after-tax income from her practice assuming her self-employment tax is $3,151, and her marginal income tax rate is 22 percent. (Round your intermediate calculations to the nearest whole dollar amount.) After-tax income
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