During 2018, Robin has net income from his sole proprietorship of $25,000. He also earned $109,900 as
Question:
During 2018, Robin has net income from his sole proprietorship of $25,000. He also earned $109,900 as an employee in 2018. How much must Robin pay for self-employment tax?
a. $2,137
b. $2,788
c. $2,964
d. $3,825
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c 2964 Robin first multiplies his 25000 selfemployment income by 9235 25000 9235 2308750 Robin ...View the full answer
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My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
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Related Book For
Taxation For Decision Makers 2019
ISBN: 9781119497288
9th Edition
Authors: Shirley Dennis Escoffier, Karen A. Fortin
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