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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 2014?
(b)What is Sonya's deduction for AGI for the SE tax?


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Involving many different and confusing aspects; not simple or easy to resolve.

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