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JC recently graduated from veterinary school and opened their own professional practice. This year, their net profit was $ 3 1 , 6 0 0

JC recently graduated from veterinary school and opened their own professional practice. This year, their net profit was $31,600.
Assume JC does not qualify for the QBI deduction.
Required:
a. Compute JC's after-tax income from their practice assuming their self-employment tax is $4,465, and their marginal income tax rate
is 22 percent.
b. What percentage of the federal tax burden on JC's business income is represented by the self-employment tax?
Complete this question by entering your answers in the tabs below.
Compute JC's after-tax income from their practice assuming their self-employment tax is $4,465, and their marginal income
tax rate is 22 percent.
Note: Round your intermediate calculations to the nearest whole dollar amount.
After-tax income
What percentage of the federal tax burden on JCs business income is represented by the self-employment tax?Note: Round your answer to the nearest whole percent.Self-employment tax
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