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 (rounded) for 2015 is
A) $3,886.
B) $4,208.
C) $7,771.
D) $8,415.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q34: The maximum amount of the American Opportunity
Q59: A taxpayer at risk for AMT should
Q62: If an individual is an employee and
Q81: Tyne is single and has AGI of
Q82: Assume a taxpayer determines that his total
Q83: Jorge has $150,000 net earnings from a
Q83: If an individual is classified as an
Q86: Ivan has generated the following taxes and
Q95: Layla earned $20,000 of general business credits
Q137: All of the following are allowable deductions