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What percentage of the federal tax burden on jcs business

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Question

JC recently graduated from veterinary school and opened her own professional practice. Assume JC does not qualify for the QBI deduction. This year, her net profit was $32,000.

Compute JC's after-tax income from her practice assuming her self-employment tax is $4,522, and her marginal income tax rate is 22 percent.

What percentage of the federal tax burden on JC's business income is represented by the self-employment tax?

Reference no: EM132405114

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