Warren Has $62,400 of Net Income from His Sole Proprietorship

question 74

Essay

Warren has $62,400 of net income from his sole proprietorship. How much is his self-employment tax on this income in 2018?

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Definitions:

Periphery

The outer limits or edge of an area or object, often referring to areas situated away from a central point.

Sensitivity

The ability to detect or respond to slight changes, signals, or influences.

Rods

Photoreceptor cells in the retina of the eye that are sensitive to low light levels, enabling night vision.

Periphery

The outer limits or edge of an area or object, often used metaphorically to describe areas that are marginal or less central.