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Joe, a self-employed individual, earns $150,000 in self-employment income. How much self-employment tax will Joe owe for 2015? For 2016? Please show work. Thank you!

Joe, a self-employed individual, earns $150,000 in self-employment income. How much self-employment tax will Joe owe for 2015? For 2016?

Please show work. Thank you!

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