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Sonya Started a Self-Employed Consulting Business in the Last Part

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Essay

Sonya started a self-employed consulting business in the last part of the year and earned $40,000.She had been employed as manager in a consulting firm prior to starting her own business and had earned $125,000.
(a)What is Sonya's self employment tax for 2016?
(b)What is Sonya's deduction for AGI for the SE tax?


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Cognition

The intellectual activity that involves obtaining knowledge and insight via reasoning, undergoing experiences, and sensory perception.

Empiricism

A philosophy of knowledge that emphasizes the role of experience and evidence through the senses in the formation of ideas, over the notion of innate ideas or traditions.

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Acquiring knowledge involves the process of learning, understanding, and making sense of information, which can occur through experiences, education, or observation.

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A professional specializing in diagnosing and treating mental, emotional, and behavioral disorders through therapy.

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