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Kyle, a single taxpayer, worked as a free-lance consultant for the first three months of 2019. During that time, he earned $49,737 of self-employment income.
Kyle, a single taxpayer, worked as a free-lance consultant for the first three months of 2019. During that time, he earned $49,737 of self-employment income. On April 1, 2019, Kyle took a job with one of his former clients. From April through the end of the year, Kyle earned $191,608 in salary. What amount of self-employment taxes does Kyle owe for the year? Please explain how you got each number in your solution and/or where the number comes from.
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