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Ms. T. an unmarried individual, has the following income items: Schedule C net profit $ 31,900 NOL carryforward deduction (9,190 ) Interest income 725 Ms.
Ms. T. an unmarried individual, has the following income items:
Schedule C net profit | $ | 31,900 | |
NOL carryforward deduction | (9,190 | ) | |
Interest income | 725 | ||
Ms. Ts self-employment tax was $4,507. She had $6,270 itemized deduction and one dependent child (age 9) who lives in her home. Compute Ms. Ts income tax. Assume the taxable year is 2017.
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