Daniel Is a Computer Technical Support Representative Earning $95,000 Per

question 80

Multiple Choice

Daniel is a computer technical support representative earning $95,000 per year and also has a sole proprietor consulting business where he earned $28,000 for 2017.How much of his total earnings are subject to self-employment tax for 2017?

• A)$17,269.45.
• B)$18,700.00.
• C)$25,858.00.
• D)$28,000.00.

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Definitions:

Required Rate of Return

The lowest expected gain an investor foresees from putting money into a specific asset, taking into account the asset’s level of risk.

Financial Break-Even

The point at which total revenues are equal to total financial costs, resulting in zero net income or loss.

Salvage Value

The estimated resale value of an asset at the end of its useful life.

Initial Investment

Initial investment refers to the amount of money initially invested in a project, asset, or company, which can influence subsequent cash flows and profitability.