QUESTION: 66 Harmony was self-employed for the first half of 2015, earning $18,000 of Schedule C (business) net income. During the second half of the year, she began working as an employee and earned $38,000 in salary. What amount of self-employment taxes is Harmony required to pay?
QUESTION: 66 Harmony was self-employed for the first half of 2015, earning $18,000 of Schedule C (business) net income. During the second half of the year, she began working as an employee and earned $38,000 in salary. What amount of self-employment taxes is Harmony required to pay?
Chapter3: Social Security Taxes
Section: Chapter Questions
Problem 1QD: During the year, employee Sean Matthews earned wages in the amount of 250,000. Discuss how the...
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![QUESTION: 66
Harmony was self-employed for the first half of 2015, earning
$18,000 of Schedule C (business) net income. During the second
half of the year, she began working as an employee and earned
$38,000 in salary. What amount of self-employment taxes is
Harmony required to pay?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff0171ace-e88d-4db0-973e-ad46dad79b29%2F5b72d518-aa8f-4af3-80bb-b1c2e9172d31%2Fe9237a_processed.jpeg&w=3840&q=75)
Transcribed Image Text:QUESTION: 66
Harmony was self-employed for the first half of 2015, earning
$18,000 of Schedule C (business) net income. During the second
half of the year, she began working as an employee and earned
$38,000 in salary. What amount of self-employment taxes is
Harmony required to pay?
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