Stew Beauf is a self-employed surfboard-maker in 2018. His Schedule C net income is $160,800 for the year. He also has a part-time job and earns $9,648 in wages subject to FICA taxes. Calculate Stew's self-employment tax for 2018 using Schedule SE.

Net promotor 1659) Trom Schule L, line 3 SCHEQUE C-EZ, line 3. SCHUUE KO (Form Us), vox 14, code A (other than farming); and Schedule K-1 (Form 1065-8), box 9, code 11. Ministers and members of religious orders, see instructions for types of income to report on this line. See instructions for other income to report. Note. Skip this line if you use the nonfarm optional method (see instructions)... 3 Combine lines is, 1b, and 2.......................... ........... 48 If line 3 is more than zero, multiply line 3 by 92.35% (0.9235). Otherwise, enter amount from line 3 Note: If line 4s is less than $400 due to Conservation Reserve Program payments on line 16, see instructions. If you elect one or both of the optional methods, enter the total of lines 15 and 17 here ........ b c Combine liness and 46. If less than $400, stop; you don't owe self-employment tax. Exception. If less than $400 and you had church employee income, enter -- and continue 5a Enter your church employee income from Form W-2. See instructions for definition of church employee income..... ...... b Multiply line 5s by 92.35% (0.9235). If less than $100, enter -- .......... 7 Maximum amount of combined wages and self-employment earnings subject to social security tax or the 6.2 portion of the 7.65% railroad retirement (tier 1) tax for 2018.... 128,40000 8a Total social security wages and tips (total of boxes 3 and 7 on Form(s) W-2) and railroad retirement (tier 1) compensation. If $128,400 or more, skip lines Sb through 10, and go to line 11.... b Unreported tips subject to social security tax (from Form 4137, line 10) C Wages subject to social security tax (from Form 8919, line 10)..... d Add lines 8, sb, and Sc ........... .......... .. Subtract line 8d from line 7. If zero or less, enter -- here and on line 10 and go to line 11. 9 10 Multiply the smaller of line 6 or line 9 by 12.4% (0.124) ........ 11 Multiply line 6 by 2.9% (0.029) ............................................... 12 Self-employment tax. Add lines 10 and 11. Enter here and on Schedule 4 (Form 1040), line 57, or Form 1040NR, line 55...... 13 Deduction for one-half of self-employment tax. Multiply line 12 by 50% (0.50). Enter the result here and on Schedule 1 (Form 1040), line 27, or Form 1040NR, line 27.... Section A-Short Schedule SE. Caution: Read above to see if you can use Short Schedule SE. la Netfarm profit or loss) from Schedule F, line 34, and farm partnerships, Schedule K-1 (Form 1065), box 14, code A. b If you received social security retirement or disability benefits, enter the amount of Conservation Reserve Program payments included on Schedule F, line 4b, or listed on Schedule K-1 (Form 1065), box 20, code AH 2 Net profit or loss) from Schedule C, line 31; Schedule C-EZ, line 3: Schedule K-1 (Form 1065), box 14, code A (other than farming); and Schedule K-1 (Form 1065-), box 9, code 11. Ministers and members of religious orders, see instructions for types of income to report on this line. See instructions for other income to report 3 Combine lines 1a, 1b, and 2.... | 1b 4 Multiply line 3 by 92.35% (0.9235). If less than $400, you don't owe self-employment tax; don't file this schedule unless you have an amount on line 1b.... Note: If line 4 is less than 5400 due to Conservation Reserve Program payments on line 1b, see instructions. 5 Self-employment tax. If the amount on line 4 is: $128,400 or less, multiply line 4 by 15.3% (0.153). Enter the result here and on Schedule 4 (Form 1040), line 57, or Form 1040NR, line 55 . More than $128,400, multiply line 4 by 2.9% (0.029). Then, add $15,921.60 to the result. Enter the total here and on Schedule 4 (Form 1040), line 57, or Form 1040NR, line 55 ......... 6 Deduction for one-half of self-employment tax. Multiply line 5 by 50% (0.50). Enter the result here and on Schedule 1 (Form 1040), line 27, or Form 1040NR, line 27.................. For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 113582 Schedule SE (Form 1040) 2018 Schedule SE (Form 1040) 2018 Attachment Sequence No. 17 Page 2 Net promotor 1659) Trom Schule L, line 3 SCHEQUE C-EZ, line 3. SCHUUE KO (Form Us), vox 14, code A (other than farming); and Schedule K-1 (Form 1065-8), box 9, code 11. Ministers and members of religious orders, see instructions for types of income to report on this line. See instructions for other income to report. Note. Skip this line if you use the nonfarm optional method (see instructions)... 3 Combine lines is, 1b, and 2.......................... ........... 48 If line 3 is more than zero, multiply line 3 by 92.35% (0.9235). Otherwise, enter amount from line 3 Note: If line 4s is less than $400 due to Conservation Reserve Program payments on line 16, see instructions. If you elect one or both of the optional methods, enter the total of lines 15 and 17 here ........ b c Combine liness and 46. If less than $400, stop; you don't owe self-employment tax. Exception. If less than $400 and you had church employee income, enter -- and continue 5a Enter your church employee income from Form W-2. See instructions for definition of church employee income..... ...... b Multiply line 5s by 92.35% (0.9235). If less than $100, enter -- .......... 7 Maximum amount of combined wages and self-employment earnings subject to social security tax or the 6.2 portion of the 7.65% railroad retirement (tier 1) tax for 2018.... 128,40000 8a Total social security wages and tips (total of boxes 3 and 7 on Form(s) W-2) and railroad retirement (tier 1) compensation. If $128,400 or more, skip lines Sb through 10, and go to line 11.... b Unreported tips subject to social security tax (from Form 4137, line 10) C Wages subject to social security tax (from Form 8919, line 10)..... d Add lines 8, sb, and Sc ........... .......... .. Subtract line 8d from line 7. If zero or less, enter -- here and on line 10 and go to line 11. 9 10 Multiply the smaller of line 6 or line 9 by 12.4% (0.124) ........ 11 Multiply line 6 by 2.9% (0.029) ............................................... 12 Self-employment tax. Add lines 10 and 11. Enter here and on Schedule 4 (Form 1040), line 57, or Form 1040NR, line 55...... 13 Deduction for one-half of self-employment tax. Multiply line 12 by 50% (0.50). Enter the result here and on Schedule 1 (Form 1040), line 27, or Form 1040NR, line 27.... Section A-Short Schedule SE. Caution: Read above to see if you can use Short Schedule SE. la Netfarm profit or loss) from Schedule F, line 34, and farm partnerships, Schedule K-1 (Form 1065), box 14, code A. b If you received social security retirement or disability benefits, enter the amount of Conservation Reserve Program payments included on Schedule F, line 4b, or listed on Schedule K-1 (Form 1065), box 20, code AH 2 Net profit or loss) from Schedule C, line 31; Schedule C-EZ, line 3: Schedule K-1 (Form 1065), box 14, code A (other than farming); and Schedule K-1 (Form 1065-), box 9, code 11. Ministers and members of religious orders, see instructions for types of income to report on this line. See instructions for other income to report 3 Combine lines 1a, 1b, and 2.... | 1b 4 Multiply line 3 by 92.35% (0.9235). If less than $400, you don't owe self-employment tax; don't file this schedule unless you have an amount on line 1b.... Note: If line 4 is less than 5400 due to Conservation Reserve Program payments on line 1b, see instructions. 5 Self-employment tax. If the amount on line 4 is: $128,400 or less, multiply line 4 by 15.3% (0.153). Enter the result here and on Schedule 4 (Form 1040), line 57, or Form 1040NR, line 55 . More than $128,400, multiply line 4 by 2.9% (0.029). Then, add $15,921.60 to the result. Enter the total here and on Schedule 4 (Form 1040), line 57, or Form 1040NR, line 55 ......... 6 Deduction for one-half of self-employment tax. Multiply line 5 by 50% (0.50). Enter the result here and on Schedule 1 (Form 1040), line 27, or Form 1040NR, line 27.................. For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 113582 Schedule SE (Form 1040) 2018 Schedule SE (Form 1040) 2018 Attachment Sequence No. 17 Page 2