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Mrs . Singer owns a profitable sole proprietorship. For each of the following cases, use Schedule SE , Form 1 0 4 0 , to
Mrs Singer owns a profitable sole proprietorship. For each of the following cases, use Schedule SE Form to compute her selfemployment tax and her income tax deduction for such tax.
Required:
Compute selfemployment tax and the income tax deduction for such tax if Mrs Singers net profit from Schedule C was $ She had no other earned income.
Compute selfemployment tax and the income tax deduction for such tax if Mrs Singers net profit from Schedule C was $ and she received a $ salary from an employer.
Compute selfemployment tax and the income tax deduction for such tax if Mrs Singers net profit from Schedule C was $ and she received a $ salary from an employer.
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