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Emily Is a Self-Employed Attorney

Question 37

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Emily is a self-employed attorney.
a.Assuming that Emily earns $20,000 from her practice, calculate the total amount of her self-employment tax liability for 2018.
b.Assuming that Emily earns $145,000 from her practice, calculate the total amount of her self-employment tax liability for 2018.

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a.$2,825.91 = ($20,000 × 0.923...

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