Adrienne is a self-employed attorney. She has net earnings(profit) from her practice of $106,800. Her self-employment taxes

Question:

Adrienne is a self-employed attorney. She has net earnings(profit) from her practice of $106,800. Her self-employment taxes for the year are:

a. $13,117.76.

b. $13,338.85.

c. $14,204.40.

d. $15,090.36.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Fundamentals Of Taxation 2020 Edition

ISBN: 9781260483147

13th Edition

Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler

See More Books

Question Posted: Dec 26, 2019 12:14 PM

See More Questions

Multiple choice Questions 1. Employers pay a maximum federal unemployment tax of 6.0% on how much of an employees taxable wages for 2014? a. $1,800. b. $3,800. c. $5,800. d. $7,000. 2. Carlos has two...
Which of the following amounts paid by an employer to an employee is not subject to withholding? a. Salary b. Bonus c. Commissions d. Reimbursement of expenses under an accountable plan e. All of the...
Multiple Choice Questions Betty, a salesperson, is an employee with $52,000 AGI who maintains a home office for the convenience of her employer, Smart Systems. The office takes up 5% of Betty's home...
Reference frame S is moving along the x axis at 0.6c relative to frame S. A particle that is originally at x = 10 m at t 1 = 0 is suddenly accelerated and then moves at a constant speed of c/3 in...
Consider an economy with three sectors: Fuels and Power, Manufacturing, and Services. Fuels and Power sells 80% of its output to Manufacturing, 10% to Services, and retains the rest. Manufacturing...
Suppose we add the following instruction to MARIEs ISA: IncSZ Operand This instruction increments the value with effective address Operand, and if this newly incremented value is equal to 0, the...
Almetals, Inc., a Michigan company, entered into a contract with the German firm Wickeder Westfalenstahl regarding the purchase of clad metal, a specialty metal used in a variety of industries but...
Francisco Company uses the columnar cash journals illustrated in the textbook. In April, the following selected cash transactions occurred. 1. Made a refund to a customer as an allowance for damaged...
Discuss the differences between (Data Definition Language) DDL and (Data Manipulation Language) DML using SQL example.?
A: Salary is hypothesized to depend on educational qualification and occupation. To understand the dependency, the salaries of 40 individuals [SalaryData.csv] are collected and each persons...
On January 3, 2019, Jane employed a part-time household worker in her home. She paid the household worker $350 per month for 2019. What amount of FICA tax is Jane required to record on Schedule H? a....
Employers pay a maximum federal unemployment tax of 6.0%on how much of an employees taxable wages for 2019? a. $1,800. b. $3,800. c. $5,800. d. $7,000.
Let v1,... , vn be a basis of V and w1,... , wn be any vectors in W. Show that there is a unique linear function L: V W such that L[v1] = wi, i = 1,... ,n.
. In the following macroeconomic system, find the parametric solutions for the predicted GDP ( Y ) and for the predicted investment ( I ). Y = C + I + G 0 C = a + b ( Y T 0 ) I = e + k Y
Based on the 1993 Revenue code of quezon city, can a business selling raw materials to manufacturers be classifed as wholesale business?
How is it possible for the US to have a higher per capita GDP than Japan or Italy while having only slightly fewer hours of free time per year? Labor productivity (output per hour of work) must be...
Emmy lou runs a woolen mill and her business is doing well enough that she would like to start a qualified retirement plan for her employees. after establishing the plan, she can begin transferring...
What is blockchain technology? What is the essence of cryptocurrency scams. Discuss the Digital Forensics Process: Analyze any challenges and controversies associated with cryptocurrency scams.
Refer to the chapter's opening feature about Aaron, Dylan, Jeff, and Sam and their company, Box. Their company deals with numerous suppliers and customers, and their cloud storage needs. Required 1....
Find the numerical value of each expression. (a) sech 0 (b) cosh -1 1
Reid's personal residence is condemned on September 12, 2016, as part of a plan to add two lanes to the existing highway. His adjusted basis is $300,000. He receives condemnation proceeds of $340,000...
Pedro sells investment land on September 1, 2016. Information pertaining to the sale follows: Adjusted basis...........................$25,000 Selling price................................90,000...
Virginia is an accountant for a global CPA firm. She is being temporarily transferred from the Raleigh, North Carolina, office to Tokyo. She will leave Raleigh on October 7, 2016, and will be out of...
Suppose a developing country currently has a GDP per capita of $1,300 and has a goal of doubling its average standard of living in 8 years. What will be the approximate annual economic growth rate...
In Python Compute a root of the function f(x) = x-2 using the secant method with initial guess x = 1.5 and x = 1. Choose a different initial guess and compute another root of the function f(x).
Given that A F = c(t)-dt+2m(t)-di where A = 5, T = /4, T = /2, In Python c(t) = cos(t) sin(t) and m(t)=sin(t) = cos(t). Use Trapezoid Method to compute the denominator of the above formula and then...

Adrienne is a self-employed attorney. She has net earnings(profit) from her practice of $106,800. Her self-employment taxes

Question:

Step by Step Answer:

d 1509036 Feedback Only 92...View the full answer

Fundamentals Of Taxation 2020 Edition

Students also viewed these Business questions