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Determine what is the correct amount of self-employment tax

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Reference no: EM132767309

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: EM132767309

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