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  2. Topic
    Business
  3. Study Set
    Federal Taxation
  4. Exam
    Exam 30: Special Tax Computation Methods, tax Credits, and Payment of Tax
  5. Question
    John Has $55,000 of Self-Employment Earnings from a Sole Proprietorship
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John Has $55,000 of Self-Employment Earnings from a Sole Proprietorship

Question 123

Question 123

Multiple Choice

John has $55,000 of self-employment 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 2017 is


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

Correct Answer:

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