Solution-Compute what is the correct amount of

Compute what is the correct amount of self-employment tax

Reference no: EM132675485

Problem 1: Kevin operates a floral retail store as a sole proprietorship. During tax year 2019, he had a net profit of $150,000. What is the correct amount of his self-employment tax?

Select one:

a. $20,497
b. $19,645
c. $21,194
d. $22,950

Reference no: EM132675485

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Compute what is the correct amount of self-employment tax

Reference no: EM132675485

Reference no: EM132675485

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Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

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