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  3. Study Set
    Federal Taxation
  4. Exam
    Exam 14: Special Tax Computation Methods, tax Credits, and Payment of Tax
  5. Question
    John Has $55,000 Net Earnings from a Sole Proprietorship
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John Has $55,000 Net Earnings from a Sole Proprietorship

Question 122

Question 122

Multiple Choice

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


A) $3,886.
B) $4,208.
C) $7,771.
D) $8,415.

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