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You run a catering business as a sole proprietor. In 2021, your net profit as reported on Schedule C is $50,000. What is your SECA
- You run a catering business as a sole proprietor. In 2021, your net profit as reported on Schedule C is $50,000.
- What is your SECA tax base?
- What is your SECA tax liability?
- What is the amount of above-the-line deduction for the self-employment tax?
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