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You are self - employed. If your business earns $ 1 2 0 , 0 0 0 in net income in 2 0 X 4

You are self-employed. If your business earns $120,000 in net income in 20X4 and pays 15.3% of that for self-employment taxes (Social Security, Medicare, and Medicaid), then how much does your business earn net of self-employment taxes?
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$103,987
$100,546
$113,563
$101,640

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