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For each of the following individuals, calculate the applicable self-employment tax. Assume that each individual files tax returns under Married Filing Jointly status. Martin Hughes
For each of the following individuals, calculate the applicable self-employment tax. Assume that each individual files tax returns under Married Filing Jointly status.
Martin Hughes earns net self-employment income of $141,300. He works a second job from which he receives FICA taxable earnings of $102,800.
Self-Employment tax =
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