During 2018, Kyle Has Net Income of $200,000 from Consulting

question 51

Multiple Choice

During 2018, Kyle has net income of $200,000 from consulting as an independent contractor. How much must Kyle pay for self-employment tax (rounded to the nearest dollar) ?

• A) $30,600
• B) $21,278
• C) $21,722
• D) $15,300

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Definitions:

Communications Technology

The array of tools and platforms used for the exchange or transmission of information, including traditional media, digital platforms, and telecommunication systems.

Bureaucracies

Systems of government or organizations characterized by a hierarchical structure, fixed routines, and a division of labor, aimed at enhancing efficiency.

Human Workers

Individuals engaged in manual or intellectual labor as part of a workforce.

Industrial Revolution

The period of great economic, technological, and social change in the 18th and 19th centuries, marked by the transition from manual production methods to machine-based manufacturing processes.