Question: it taxes. We can save time and work by using spreadsheets to perform these calculations. The spreadsheet below is programmed calculate self-employment taxes. To calculate

 it taxes. We can save time and work by using spreadsheets

it taxes. We can save time and work by using spreadsheets to perform these calculations. The spreadsheet below is programmed calculate self-employment taxes. To calculate self-employment tax for Sundos, find 92.35% of their net profit and then calculate 15.3% of that product. In 2019, their sale totaled $11,385. Their expenses totaled $3,862. A B Sundos Allianthi 2 Total Sales: 3 Expenses: Net Profits: 5 92.35% (as a decimal): 6 15.3% (as a decimal): 7 8 Self-employment tax: 1) You are going to set up a spreadsheet to calculate the self-employment tax th Sundos owes. Fill in the blanks for Cells B2, B3, B5, and B6. B2: B3: B5: B6: 2) What formula or formulas could you use to determine the self-employment ta Sundos should pay? There may be more than one correct answer. a) B8=B5*(B2-B3)*B6 b) B4=B2-B3; B8=B4*B5*B6 C) B8=B2*B5*B6 d) B8=B5*B6*(B2-B3) e) B8=B2*B5*B6-B3 3) Calculate the amount of self-employment tax Sundos should pay using a calculator. Copyright @ 2020, The Charles A. Dana Center at The University of Texas at Austin

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