Daniel owns a business that he operates as a sole proprietorship. The business had a net profit

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Daniel owns a business that he operates as a sole proprietorship. The business had a net profit of $180,000 in 2019. This is Daniel’s only earned income.

a. How much must he pay for self-employment taxes?

b. How much can he deduct on his tax return?

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Taxation For Decision Makers 2020

ISBN: 9781119562108

10th Edition

Authors: Shirley Dennis Escoffier, Karen Fortin

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Question Posted: May 10, 2023 06:04 AM

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Daniel owns a business that he operates as a sole proprietorship. The business had a net profit

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a 21301 180000 x 9235 166230 x 29 482067 Me...View the full answer

Taxation For Decision Makers 2020

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