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[The following information applies to the questions displayed below.] Rocco operates a beauty salon as a sole proprietorship. Rocco also owns and rents an apartment
[The following information applies to the questions displayed below.] Rocco operates a beauty salon as a sole proprietorship. Rocco also owns and rents an apartment building. In 2022, Rocco had the following income and expenses. You may assume that Rocco will owe $2,600 in self-employment tax on his salon income, with $1,300 representing the employer portion of the self-employment tax. You may also assume that his divorce from Svetlana was finalized in 2016. Answer is complete but not entirely correct
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