The following facts apply to Brooke, a self-employed individual. Income Student loan interest Alimony received Child support received $50,000 1,000 6,000 12,000 The FICA/Medicare tax rate is 15-3%- Considering only the above, what is Brooke's adjusted grass income? a. $47,350 b. $51,175 c. $53,350 d. $57,175 2. Kellye is a calendar year taxpayer who makes and sells custom dog collars. This year, her cash receipts were $10,000, and her cost to make the collars was $2,000. Additionally, Kellye contributed $2,000 to a retirement plan. What amount will be the basis for Kellye's self-employment tax? a. $10,000 b. $8,000 c. $7,000 d. $6,000 3. Which of the following is correct regarding the deduction for self-employment taxes? a. Self-employment taxes are deductible in full to arrive at Adjusted Grass Income. b. Self-employment taxes are deductible on Schedule A, subject to a 10% AGI limitation. c. 50% of self-employment taxes are deductible on. Schedule A. d. 50% of self-employment taxes are deductible to arrive at Ad who is self-employed? a. April, June, and September 15 of the current year, and January 15 of the subsequent year. b. March, June, September, and December 15 of the current year. c. January, April, July, and October 15 of the current year. d. April, July, and October 15 of the current year, and January 15 of the subsequent year. The following facts apply to Brooke, a self-employed individual. Income Student loan interest Alimony received Child support received $50,000 1,000 6,000 12,000 The FICA/Medicare tax rate is 15-3%- Considering only the above, what is Brooke's adjusted grass income? a. $47,350 b. $51,175 c. $53,350 d. $57,175 2. Kellye is a calendar year taxpayer who makes and sells custom dog collars. This year, her cash receipts were $10,000, and her cost to make the collars was $2,000. Additionally, Kellye contributed $2,000 to a retirement plan. What amount will be the basis for Kellye's self-employment tax? a. $10,000 b. $8,000 c. $7,000 d. $6,000 3. Which of the following is correct regarding the deduction for self-employment taxes? a. Self-employment taxes are deductible in full to arrive at Adjusted Grass Income. b. Self-employment taxes are deductible on Schedule A, subject to a 10% AGI limitation. c. 50% of self-employment taxes are deductible on. Schedule A. d. 50% of self-employment taxes are deductible to arrive at Ad who is self-employed? a. April, June, and September 15 of the current year, and January 15 of the subsequent year. b. March, June, September, and December 15 of the current year. c. January, April, July, and October 15 of the current year. d. April, July, and October 15 of the current year, and January 15 of the subsequent year