Rayburn Is the Sole Owner of a Dance Studio

question 41

Multiple Choice

Rayburn is the sole owner of a dance studio. During the current year, his net self-employment income from the dance studio is $50,000. What is Rayburn 's self-employment tax?

• A)$3,825.00
• B)$5,738.00
• C)$6,200.00
• D)$7,650.00

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Definitions:

Elements

Fundamental components or substances that cannot be simplified using chemical means, forming the building blocks of matter.

Motivation

The inner drive or process that stimulates and directs human behavior towards achieving specific goals.

Creativity

The use of imagination or original ideas to create something; inventiveness.

Management

is the process of planning, organizing, leading, and controlling resources to achieve organizational goals effectively and efficiently.