Question
Ramsey Smith receives wages amounting $93,500. His net earnings from self-employment amount to $48,600. Smith must count ________ of his earnings in determining taxable self-employment
Ramsey Smith receives wages amounting $93,500. His net earnings from self-employment amount to $48,600. Smith must count ________ of his earnings in determining taxable self-employment income for OASDI taxes.
- $48,600
- $137,700
- $44,200
- $93,500
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Financial Accounting Tools for business decision making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th Edition
978-1119191674, 047053477X, 111919167X, 978-0470534779
