Question
The taxpayer had self-employment revenue of $375,000 and deductible expenses for that business of $200,000. In addition, the taxpayer also has $30,000 of wages from
The taxpayer had self-employment revenue of $375,000 and deductible expenses for that business of $200,000. In addition, the taxpayer also has $30,000 of wages from a different job. FICA cap of $132,900. Calculate the self-employment tax.
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Cost Management Accounting And Control
Authors: Don R. Hansen, Maryanne Mowen
2nd Edition
0538864451, 978-0538864459
