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Mrs. Singer owns a profitable sole proprietorship. For the following case below, use a Schedule SE, Form 1040, to compute her 2015 self-employment tax and
Mrs. Singer owns a profitable sole proprietorship. For the following case below, use a Schedule SE, Form 1040, to compute her 2015 self-employment tax and her income tax deduction for such tax.
a. Mrs. Singer's net profit from Schedule C was US$51,458, and she received a US$80,000 salary from an employer.
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