Self-employment and proprietorship

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Reference no: EM1358667

John has $55,000 net earnings from the sole proprietorship. John is also employed by a major corporation and is paid $25,000. John' self-employment tax in 2013 is:

A. $4,590.50
B. $6,755.40
C. $7,771.25
D. $8,415.40

I think we are looking for the self employment tax that is due without taking into account AGI deduction.

Reference no: EM1358667

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