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Help with filling this form. Thank you! Compute 2018 self-employment tax and the income tax deduction for such tax if Mrs. Singer's net profit from

Help with filling this form. Thank you!

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Compute 2018 self-employment tax and the income tax deduction for such tax if Mrs. Singer's net profit from Schedule C was $51,458, and she received a $137,000 salary from an employer. (Round your intermediate computations and final answers to the nearest whole dollar value. Input all the values as positive numbers.) 1a Section B - Long Schedule SE Part. Self-Employment Tax Note. If your only income subject to self-employment tax is church employee income, see instructions. Also see instructions for the definition of church employee income. A If you are a minister, member of a religious order, or Christian Science practitioner and you filed Form 4361, but you had $400 or more of other net earnings from self-employment, check here and continue with Part I 1a Net farm profit or (loss) from Schedule F, line 34 and farm partnerships, Schedule K-1 (Form 1065), box 14 code A. Note. Skip lines 1a and 1b if you use the farm optional method (see inst.) b If you received social security retirement or disability benefits, enter the amount of Conservation Reserve Program payments included on 1b Schedule F, line 4b, or listed on Schedule K-1 (Form 1065), box 20, code Z 2 Net profit or (loss) from Schedule C, line 31; Schedule C-EZ, line 3; Schedule K-1 (Form 1065), box 14, code A (other than farming); and Schedule K-1 (Form 1065-B), box 9, code J1. Ministers and members of religious orders, see instructions for types of income to report on this line. See instructions for other income to report. Note. Skip this line if you use the nonfarm optional method (see instructions) 3 Combine lines 1a, 1b, and 2 0 4a If line 3 is more than zero, multiply line 3 by 92.35% (0.9235). Otherwise, enter amount from line 3 Note. If line 4a is less than $400 due to Conservation Reserve Program payments on line 1b, see instructions. b If you elect one or both of the optional methods, enter the total of lines 15 and 17 here c Combine lines 4a and 4b. If less than $400, stop; you do not owe self-employment tax. eption. If less than $400 and you had church employee income, enter -- and continue 5a Enter your church employee income from Form W-2. See instructions for definition of church employee income b Multiply line 5a by 92.35% (0.9235). If less than $100, enter-O- 6 Add lines 4c and 5b 7 Maximum amount of combined wages and self-employment earnings subject to social security tax or the 6.2% portion of the 7.65% railroad retirement (tier 1) tax for 2018 8a Total social security wages and tips (total of boxes 3 and 7 on Form(s) W-2) and railroad retirement (tier 1) compensation. If $128,400 or more, skip lines Sb through 10, and go to line 11 b Unreported tips subject to social security tax (from Form 4137, line 10) c Wages subject to social security tax (from Form 8919, line 10) d Add lines 8a, 8b, and 8c 9 Subtract line 8d from line 7. If zero or less, enter -- here and on line 10 and go to line 11 10 Multiply the smaller of line 6 or line 9 by 12.4% (0.124) 11 Multiply line 6 by 2.9% (0.029) 12 Self-employment tax. Add lines 10 and 11. Enter here and on Schedule 4 (Form 1040), line 57, or Form 1040NR, line 55 13 Deduction for one-half of self-employment tax. Multiply line 12 by 50% (0.50). Enter the result here and on Schedule 1 (Form 1040), line 27, or Form 1040NR, line 27 UYA Schedule SE (Form 1040) 2018 THIS FORM IS A SIMULATION OF AN OFFICIAL ILS. TAX FORM. IT IS NOT THE OFFICIAL FORM IT SFI F. DO NOT USE THIS FORM FOR 8c Compute 2018 self-employment tax and the income tax deduction for such tax if Mrs. Singer's net profit from Schedule C was $51,458, and she received a $137,000 salary from an employer. (Round your intermediate computations and final answers to the nearest whole dollar value. Input all the values as positive numbers.) 1a Section B - Long Schedule SE Part. Self-Employment Tax Note. If your only income subject to self-employment tax is church employee income, see instructions. Also see instructions for the definition of church employee income. A If you are a minister, member of a religious order, or Christian Science practitioner and you filed Form 4361, but you had $400 or more of other net earnings from self-employment, check here and continue with Part I 1a Net farm profit or (loss) from Schedule F, line 34 and farm partnerships, Schedule K-1 (Form 1065), box 14 code A. Note. Skip lines 1a and 1b if you use the farm optional method (see inst.) b If you received social security retirement or disability benefits, enter the amount of Conservation Reserve Program payments included on 1b Schedule F, line 4b, or listed on Schedule K-1 (Form 1065), box 20, code Z 2 Net profit or (loss) from Schedule C, line 31; Schedule C-EZ, line 3; Schedule K-1 (Form 1065), box 14, code A (other than farming); and Schedule K-1 (Form 1065-B), box 9, code J1. Ministers and members of religious orders, see instructions for types of income to report on this line. See instructions for other income to report. Note. Skip this line if you use the nonfarm optional method (see instructions) 3 Combine lines 1a, 1b, and 2 0 4a If line 3 is more than zero, multiply line 3 by 92.35% (0.9235). Otherwise, enter amount from line 3 Note. If line 4a is less than $400 due to Conservation Reserve Program payments on line 1b, see instructions. b If you elect one or both of the optional methods, enter the total of lines 15 and 17 here c Combine lines 4a and 4b. If less than $400, stop; you do not owe self-employment tax. eption. If less than $400 and you had church employee income, enter -- and continue 5a Enter your church employee income from Form W-2. See instructions for definition of church employee income b Multiply line 5a by 92.35% (0.9235). If less than $100, enter-O- 6 Add lines 4c and 5b 7 Maximum amount of combined wages and self-employment earnings subject to social security tax or the 6.2% portion of the 7.65% railroad retirement (tier 1) tax for 2018 8a Total social security wages and tips (total of boxes 3 and 7 on Form(s) W-2) and railroad retirement (tier 1) compensation. If $128,400 or more, skip lines Sb through 10, and go to line 11 b Unreported tips subject to social security tax (from Form 4137, line 10) c Wages subject to social security tax (from Form 8919, line 10) d Add lines 8a, 8b, and 8c 9 Subtract line 8d from line 7. If zero or less, enter -- here and on line 10 and go to line 11 10 Multiply the smaller of line 6 or line 9 by 12.4% (0.124) 11 Multiply line 6 by 2.9% (0.029) 12 Self-employment tax. Add lines 10 and 11. Enter here and on Schedule 4 (Form 1040), line 57, or Form 1040NR, line 55 13 Deduction for one-half of self-employment tax. Multiply line 12 by 50% (0.50). Enter the result here and on Schedule 1 (Form 1040), line 27, or Form 1040NR, line 27 UYA Schedule SE (Form 1040) 2018 THIS FORM IS A SIMULATION OF AN OFFICIAL ILS. TAX FORM. IT IS NOT THE OFFICIAL FORM IT SFI F. DO NOT USE THIS FORM FOR 8c

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