Joan Earns $110,000 in Her Job as a Physician's Assistant

question 120

Multiple Choice

Joan earns $110,000 in her job as a physician's assistant.She also has her own business selling cosmetics.This business generated $10,000 of earnings.What is Joan's self-employment tax for 2015?

• A)$1,530
• B)$1,314
• C)$1,412
• D)$268

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Definitions:

Units of Output

The quantity or number of items produced by a company, individual, or production process.

Fixed Cost

Costs that do not vary with the volume of output produced, such as rent, salaries, or loan payments.

Mortgage Payments

Regular payments made to repay a loan taken out to purchase property, typically consisting of both principal and interest components.

Utility Costs

Utility costs are expenses for basic services such as electricity, gas, water, and telecommunications required for operating a business or maintaining a home.