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.