60. Go to www.irs.gov and print Form 1040 and Schedule SE for 2010. Complete the first page...

Question:

60. Go to www.irs.gov and print Form 1040 and Schedule SE for 2010.

Complete the first page of Form 1040 and Schedule SE for Angelina, a single individual, who reports $75,000 of net profit on her Schedule C from her sole proprietorship for 2010.

a. What is Angelina’s adjusted gross income for 2010 and how will that change for 2011?

b. What is Angelina’s self-employment tax for 2010 and how will that change for 2011?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Taxation For Decision Makers

ISBN: 9781118091555

2012 Edition

Authors: Shirley Dennis Escoffier

Question Posted: