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Mark is an ordained minister. Some rules will make certain types of! income tax, but still subject to self-employment tax. Here me rules will make
Mark is an ordained minister. Some rules will make certain types of! income tax, but still subject to self-employment tax. Here me rules will make certain types of income exempt from still subject to self-employment tax. He received income during the tax year for the following items. A housing allowance of $1,500 per month ($18.000 for the year) which was provided to Mark as part of his pay from the church. Ministerial salary from the church of $24,000 for the year. $6,000 received from officiating masses and performing baptisms. All were offerings to the church. $10,000 received by Mark for performing marriages, baptisms, and funerals. All of these were given to him. He donated $1,000 of this amount to the church. What total amount will be taxable income for Mark? a) $40,000 b) $34,000 c) $33,000 d) $52,000 000 obvod hod
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