Stew is a self-employed surfboard-maker in 2014. His Schedule C net income is $104,000 for the year.

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Stew is a self-employed surfboard-maker in 2014. His Schedule C net income is $104,000 for the year. He also has a part-time job and earns $8,500 in wages subject to FICA taxes. Calculate Stew’s self-employment tax for 2014 using Schedule SE on Pages 9-47 and 9-48.
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Income Tax Fundamentals 2015

ISBN: 9781305177772

33rd Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill

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