menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Federal Taxation
  4. Exam
    Exam 14: Special Tax Computation Methods, tax Credits, and Payment of Tax
  5. Question
    Jorge Has $150,000 Net Earnings from a Sole Proprietorship
Solved

Jorge Has $150,000 Net Earnings from a Sole Proprietorship

Question 89

Question 89

Multiple Choice

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


A) $18,711.
B) $22,950.
C) $21,194.
D) None of the above.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q25: A couple has filed a joint tax

Q37: If an individual is liable for self-employment

Q76: A taxpayer's tentative minimum tax exceeds his

Q88: Evan and Barbara incurred qualified adoption expenses

Q90: Tom and Anita are married,file a joint

Q92: All of the following statements regarding self-employment

Q93: In 2016 Rita is divorced with one

Q96: Qualified tuition and related expenses eligible for

Q99: Casualty and theft losses in excess of

Q2232: Discuss actions a taxpayer can take if

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines