John Has $55,000 Net Earnings from a Sole Proprietorship

question 109

Multiple Choice

John has $55,000 net earnings from a sole proprietorship.John is also employed by a major corporation and is paid $25,000.John's self-employment tax (rounded) for 2014 is

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

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