Jacob has $180,000 of self-employment earnings from a sole proprietorship. Jacob's self-employment tax for 2022 is (Round your intermediary and final answers to the nearest dollar.) a. $23,049. b. $25,433. c. $27,540. d. $23,448.
Jacob has $180,000 of self-employment earnings from a sole proprietorship. Jacob's self-employment tax for 2022 is (Round your intermediary and final answers to the nearest dollar.) a. $23,049. b. $25,433. c. $27,540. d. $23,448.
Chapter9: Deduct Ions: Employee And Self-employed - Related Expenses
Section: Chapter Questions
Problem 38P
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Jacob has $180,000 of self-employment earnings from a sole proprietorship. Jacob's self-employment tax for 2022 is (Round your intermediary and final answers to the nearest dollar.)
a. $23,049.
b. $25,433.
c. $27,540.
d. $23,448.
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