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Susan Generated $55,000 of Net Earnings from the Conduct of a Tax

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Essay

Susan generated $55,000 of net earnings from the conduct of a tax preparation business that she operated during the tax-filing season.She also received wages of $66,800 from her full-time job.Compute the self-employment taxes due for 2014.


Definitions:

Electoral Realignment

A significant shift in voting patterns, often resulting in a change in political party dominance or policy focus.

Southern Strategy

A Republican Party electoral strategy to increase political support among white voters in the South by appealing to racism against African Americans.

Richard Nixon

The 37th President of the United States, serving from 1969 to 1974, known for ending American involvement in Vietnam and for his resignation following the Watergate scandal.

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A war between citizens of the same country, often characterized by intense, internal conflict over political, social, or economic issues.

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