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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?


Definitions:

Pending Legislation

Proposed laws or amendments that have been introduced to a legislative body but have not yet been enacted into law.

Patents And Trademarks

Legal protections for inventions (patents) and recognizable signs, designs, or expressions (trademarks) that distinguish products or services.

Domain Name

A unique name that identifies an Internet site or a specific entity on the Internet, typically related to a particular organization or area of interest.

Company's Contact

Information or details that allow communication with a company, including addresses, phone numbers, and email addresses.

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