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Determine taxpayers self-employment tax liability for year

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Reference no: EM133091375

Question - During the tax year, a taxpayer who is single earned 137,000 in salary from his employer. Additionally, taxpayer earned a profit (business income minus business deductions) of 43313.48 from a self-employment activity. Determine taxpayers self-employment tax liability for the year.

A. 6120.00

B.940.00

C 1975.00

D. 1879.00

Reference no: EM133091375

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