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Author Question: Jorge has $150,000 net earnings from a sole proprietorship. Jorge's self-employment tax (rounded) for 2016 is (Read 79 times)

cool

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Question 1

John has $55,000 net earnings from a sole proprietorship. John is also employed part-time by a major corporation and is paid $25,000. John's self-employment tax for 2016 is
◦ $3,886.
◦ $4,208.
◦ $7,771.
◦ $8,415.

Question 2

Jorge has $150,000 net earnings from a sole proprietorship. Jorge's self-employment tax (rounded) for 2016 is
◦ $18,711.
◦ $22,950.
◦ $21,194.
◦ None of these.


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Marked as best answer by cool on Sep 13, 2020

LegendaryAnswers

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cool

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Reply 2 on: Sep 13, 2020
Thanks for the timely response, appreciate it


marict

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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