Question
Susan is self-employed and owns a Surf Shop near a local beach resort. Her schedule C shows she made $145,000 for the current year. During
Susan is self-employed and owns a Surf Shop near a local beach resort. Her schedule C shows she made $145,000 for the current year. During the off season she has a job that earns her $25,800 in wages subject to FICA taxes.
Instructions: Calculate Susan's self-employment tax for the current year. The completion of Schedule SE is not required but you must show supporting computations to receive credit.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
