Problem 9-14 (Algorithmic) Self-Employment Tax (LO 9.6) Stew Beauf is a self-employed surfboard-maker in 2017. His Schedule C net income is $127,400 for the year. He also has a part-time job and earns $7,644 in wages subject to FICA taxes. Calculate Stew's self-employment tax for 2017 using Schedule SE. Note: If required, round amounts to the nearest dollar. Enter all amounts as positive numbers. OMB No. 1545-0074 SCHEDULE SE (Form 1040) Department of the Treasury Internal Revenue Service (99) Self-Employment Tax 2017 Go to www.irs.gov/ScheduleSE for instructions and the latest information. Attach to Form 1040 or Form 1040NR. Attachment Sequence No. 17 Name of person with self-employment income (as shown on Form 1040 orSocial security number of persorn Form 1040NR) Stew Beauf with self-employment income Before you begin: To determine if you must file Schedule SE, see the instructions. May I Use Short Schedule SE or Must I Use Long Schedule SE? Note. Use this flowchart only if you must file Schedule SE. If unsure, see Who Must File Schedule SE in the instructions. Did you receive wages or tips in 2017? Yes No Previo Check My Work 10 Problem 9-14 (Algorithmic) Self-Employment Tax (LO 9.6) Stew Beauf is a self-employed surfboard-maker in 2017. His Schedule C net income is $127,400 for the year. He also has a part-time job and earns $7,644 in wages subject to FICA taxes. Calculate Stew's self-employment tax for 2017 using Schedule SE. Note: If required, round amounts to the nearest dollar. Enter all amounts as positive numbers. OMB No. 1545-0074 SCHEDULE SE (Form 1040) Department of the Treasury Internal Revenue Service (99) Self-Employment Tax 2017 Go to www.irs.gov/ScheduleSE for instructions and the latest information. Attach to Form 1040 or Form 1040NR. Attachment Sequence No. 17 Name of person with self-employment income (as shown on Form 1040 orSocial security number of persorn Form 1040NR) Stew Beauf with self-employment income Before you begin: To determine if you must file Schedule SE, see the instructions. May I Use Short Schedule SE or Must I Use Long Schedule SE? Note. Use this flowchart only if you must file Schedule SE. If unsure, see Who Must File Schedule SE in the instructions. Did you receive wages or tips in 2017? Yes No Previo Check My Work 10