Question
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-
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. O $17,871 O $18,886 $17,874 O $19,355
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Federal Taxation 2014 Comprehensive
Authors: Timothy J. Rupert, Thomas R. Pope, Kenneth E. Anderson
27th Edition
978-0133452006, 013345200X, 978-0133450118, 133450112, 978-0133438598
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