During 2018, Kyle has net income of $200,000 from consulting as an independent contractor. How much must Kyle pay for self-employment tax (rounded to the nearest dollar)?
A) $30,600
B) $21,278
C) $21,722
D) $15,300

Question

During 2018, Kyle has net income of $200,000 from consulting as an independent contractor. How much must Kyle pay for self-employment tax (rounded to the nearest dollar)?
A) $30,600 
B) $21,278 
C) $21,722 
D) $15,300

Quizplus · Accepted Answer

The Answer of During 2018, Kyle has net income of $200,000 from consulting as an independent contractor. How much must Kyle pay for self-employment tax (rounded to the nearest dollar)?
A) $30,600 
B) $21,278 
C) $21,722 
D) $15,300

During 2018, Kyle Has Net Income of $200,000 from Consulting