You are self-employed. If your business earns $100,000 in net income in 2014 and pays 15.3% of that for self-employment taxes (Social Security, Medicare, and
You are self-employed. If your business earns $100,000 in net income in 2014 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?
(Round your answer to the nearest dollar, if necessary)
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Authors: Hal S. Scott
15th Edition
159941547X, 978-1599415475
