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Jose Worked at an Architectural Firm as an Employee for the First

Question 4

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Jose worked at an architectural firm as an employee for the first four months of 2011 before he established his own business. He earned $50,000 at the architectural firm. His net income from his sole proprietorship was $68,000. Determine Jose's self-employment tax.

Correct Answer:

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$68,000 x .9235 = $62,798 x .029 = $1,82...

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