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PSc 5-9 Calculate Self-Employment Tax For each of the following individuals, calculate the applicable self-employment tax. Assume that each individual files tax returns under Single

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PSc 5-9 Calculate Self-Employment Tax For each of the following individuals, calculate the applicable self-employment tax. Assume that each individual files tax returns under Single status. NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation. 1: Wanda Jennings earns net self-employment income of $73,500. She does not work a second job. Self-Employment tax = 11,245.50 2: Earnestine Stockwell earns net self-employment income of $ 103,650. She works a second job from which she receives FICA taxable earnings of $46,300. Self-Employment tax = X 3: Belinda Austin earns net self-employment income of $ 197,000. She works a second job from which she receives FICA taxable earnings of $137,000. Self-Employment tax =

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