Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Multiple Choice 6-13 Self-Employment Tax (LO 6.6) For 2019, Roberta is a self-employed truck driver with earnings of $47,000 from her business. During the year,
Multiple Choice 6-13 Self-Employment Tax (LO 6.6)
For 2019, Roberta is a self-employed truck driver with earnings of $47,000 from her business. During the year, Roberta received $2,500 in interest income and dividends of $500. She also sold investment property and recognized a $1,500 gain. What is the amount of Roberta's self-employment tax (Social Security and Medicare taxes) liability for 2019? Do not round intermediate computations. Round the final answer to the nearest dollar.
a.$6,885
b.$6,641
c.$7,277
d.$6,358
e.$7,191
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started