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Problem 6-16 Self-Employment Tax (LO 6.6) Stewart Beauf is a self-employed surfboard maker in 2019. His Schedule C net income is $126,503 for the year.
Problem 6-16 Self-Employment Tax (LO 6.6)
Stewart Beauf is a self-employed surfboard maker in 2019. His Schedule C net income is $126,503 for the year. He also has a part-time job and earns $16,100 in wages subject to FICA taxes.
Calculate Stewart's self-employment tax for 2019 using Schedule SE.
If required, round amounts to the nearest dollar. Enter all amounts as positive numbers. If a line item does not require an entry or the answer is zero, enter "0".
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