Harmony Is Single and Was Self-Employed for the First Half

question 69

Essay

Harmony is single and was self-employed for the first half of 2020, earning $18,000 of Schedule C (business)net income. During the second half of the year, she began working as an employee and earned $38,000 in salary. What amount of self-employment taxes is Harmony required to pay?

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Definitions:

Gender

The range of characteristics pertaining to, and differentiating between, masculinity and femininity.

Cultural Differences

The variations in norms, values, beliefs, and practices among people from different backgrounds and societies.

Minority

Minority refers to a group of people distinguished by physical or cultural traits who are fewer in number compared to the majority within a larger population or society.

Express Love

The act of showing affection or deep care towards someone, often through words, actions, or gestures.