Multiple Choice
John has $55,000 net earnings from a sole proprietorship.John is also employed by a major corporation and is paid $25,000.John's self-employment tax (rounded) for 2013 is
A) $3,886.
B) $4,208.
C) $7,771.
D) $8,415.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q14: The alternative minimum tax applies to individuals
Q19: Mark and Stacy are married,file a joint
Q30: Which of the following is not a
Q50: An individual with AGI equal to or
Q68: Runway Corporation has $2 million of gross
Q75: To claim the Lifetime Learning Credit,a student
Q89: Marvin and Pamela are married,file a joint
Q95: Layla earned $20,000 of general business credits
Q99: Casualty and theft losses in excess of
Q101: Beth and Jay project the following taxes