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Jameson has the following sources of income: Sole proprietorship income $40,000 General partnership operating income $5,000 Interest income from general partnership $1,200. What is the

Jameson has the following sources of income: Sole proprietorship income $40,000 General partnership operating income $5,000 Interest income from general partnership $1,200.


What is the amount of self-employment tax Jameson owes? Round your answer to the nearest dollar. 

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Heres how to calculate Jamesons selfemployment tax 1 Identify income subject to selfemployment tax Sole proprietorship income 40000 subject to selfemp... blur-text-image

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