JC recently graduated from veterinary school and opened her own professional practice Assume JC does not qualify for the QBI deduction This year, her net profit was $25,600 Required Compute JC rsquo s after tax income from her practice assuming herself employment tax is $3,617, and her marginal income tax rate is 22 percent What percentage of the federal tax burden on JC rsquo s business income is represented by the self employment tax

Question: JC recently graduated from veterinary school and opened her own professional practice. Assume JC does not qualify for the QBI deduction. This year, her net

JC recently graduated from veterinary school and opened her own professional practice. Assume JC does not qualify for the QBI deduction. This year, her net profit was $25,600.

Required:

Compute JC’s after-tax income from her practice assuming herself-employment tax is $3,617, and her marginal income tax rate is 22 percent.
What percentage of the federal tax burden on JC’s business income is represented by the self-employment tax?

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