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For 2013,compare the Income and FICA or Self-Employment Tax Burdens

Question 15

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For 2013,compare the income and FICA or self-employment tax burdens of a couple in the 33 percent marginal income tax bracket who jointly own a business with $120,000 of operating income if the business is a partnership or an S corporation.The husband and wife each take $50,000 out of the business as salary.

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For 2013:
Partnership: SE tax: ($60,000 ...

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