Brenda Is a Self-Employed Accountant

question 120

Multiple Choice

Brenda is a self-employed accountant.She has net earnings (profit) from her practice of $74,000.Her self-employment taxes for the year are: (Round your answer to 2 decimal places. )

• A)$10,250.85.
• B)$10,450.21.
• C)$10,455.87.
• D)$11,322.00.

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Definitions:

Computer Software

A set of instructions, data, or programs used to operate computers and execute specific tasks, distinct from the physical hardware on which it runs.

Economic Functions

The roles and operations of an economy, including production, distribution, and consumption of goods and services.

Price Mechanism

The way in which prices of goods and services affect the supply and demand dynamics within a market, guiding the allocation of resources.

Collecting Taxes

The process by which a government or its authority gathers money from citizens and businesses in the form of taxes.