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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 2015?
(b)What is Sonya's deduction for AGI for the SE tax?


Definitions:

Neck Tumor

A growth or lump in the neck area that can be benign or malignant, requiring medical evaluation for diagnosis and treatment.

Unaffected Side

The side of the body or the part of an organ that remains normal or is not impacted by disease or injury.

Inguinal Lymph Nodes

These are a group of lymph nodes located in the inguinal (groin) area, which filter fluid and potentially harmful particles from the legs and groin area.

Palpable

Something that can be felt with the hands or fingers, such as a lump or mass within the body.

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