Solved

Sam Has $80,000 of Net Income from His Sole Proprietorship

Question 27

Multiple Choice

Sam has $80,000 of net income from his sole proprietorship in 2015.What is his deduction for AGI for self-employment taxes?

A) $9,826
B) $6,120
C) $5,652
D) $4,913

Related Questions

Q2: Which of the following does not affect

Q11: The entity concept of a partnership views

Q22: Greg and Samantha plan to establish a

Q26: For 2015,compare the income and FICA or

Q31: The limited liability partnership form of business

Q32: For 2015,compare the income and FICA or

Q63: The S corporation income tax return includes

Q68: Limited liability companies are generally taxed as

Q85: S corporations never pay any income taxes.

Q97: When may a partner recognize gain on