Brenda Is a Self-Employed Accountant

question 71

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:

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

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Definitions:

Dominant Strategy

In game theory, a strategy that is the best choice for a player, regardless of the strategies chosen by other players.

Wealth

The abundance of valuable resources or material possessions, or the control over such assets.

Contribute

To give or supply in common with others; to add to a collective or a specific cause, project, or effort.

Benefit

Refers to a favorable or advantageous outcome derived from a specific action or situation.