Tony, who is single and 58 years old, is considering early retirement from his salaried job. He

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Tony, who is single and 58 years old, is considering early retirement from his salaried job. He currently has $70,000 salary and also earns $50,000 profit from a consulting business. What advice would you give Tony relative to the need to make Social Security tax payments if he retires and continues to be actively engaged as a consultant during his retirement?
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Federal Taxation 2016 Comprehensive

ISBN: 9780134104379

29th Edition

Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson

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