John Has $55,000 of Self-Employment Earnings from a Sole Proprietorship

question 123

Multiple Choice

John has $55,000 of self-employment earnings from a sole proprietorship.John is also employed part-time by a major corporation and is paid $25,000.John's self-employment tax for 2017 is

• A)$3,886.
• B)$4,208.
• C)$7,771.
• D)$8,415.

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Definitions:

Eardrum

The membrane that vibrates in response to sound waves, transmitting these vibrations to the ossicles in the middle ear.

Basilar Membrane

A key structure in the cochlea of the inner ear, which plays a crucial role in the sense of hearing by vibrating in response to sound waves.

Oval Window

A membrane-covered opening that leads from the middle ear to the vestibule of the inner ear, playing a key role in the process of hearing by transmitting sound vibrations.

Cochlea

A spiral-shaped, fluid-filled inner ear structure responsible for converting sound waves into nerve impulses to be interpreted by the brain.