Melissa has $90,000 in salary from her full-time position and $40,000 in net income in 2017 from

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Melissa has $90,000 in salary from her full-time position and $40,000 in net income in 2017 from consulting as an independent contractor. What is her self-employment tax? What portion of this can she deduct?

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Taxation For Decision Makers 2018

ISBN: 9781119373735

8th Edition

Authors: Shirley Dennis Escoffier, Karen Fortin

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Question Posted: Mar 15, 2024 03:02 AM

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Melissa has $90,000 in salary from her full-time position and $40,000 in net income in 2017 from

Question:

Step by Step Answer:

To calculate Melissas selfemployment tax we first need to determine her net selfemployment income Se...View the full answer

Taxation For Decision Makers 2018

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