Profitable sole proprietorship

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Reference no: EM131268013

Mrs. Singer owns a profitable sole proprietorship. For the following case, use a Schedule SE, Form 1040, to compute her 2015 self-employment tax and her income tax deduction for such tax.

a. Mrs. Singer's net profit from Schedule C was US$51,458, and she received a US$127,000 salary from an employer.

Please use long schedule.

Reference no: EM131268013

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