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James Felon is a self-employed surfboard maker in 2020. His Schedule C net income is $126,503 for the year. He also has a part-time
James Felon is a self-employed surfboard maker in 2020. His Schedule C net income is $126,503 for the year. He also has a part-time job and earns $20,900 in wages subject to FICA taxes. Calculate James' self-employment tax for 2020 using page 1 of Schedule SE. If required, round amounts to the nearest dollar. Enter all amounts as positive numbers. If a line item does not require an entry or the answer is zero, enter "0".
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