Stew Beauf is a self-employed surfboard-maker in 2019. His Schedule C net income is $148,000 for the year. He also has a part-time job and earns $8,880 in wages subject to FICA taxes. Calculate Stew's self-employment tax for 2019 using Schedule SE.

Stew Beauf is a self-employed surfboard-maker in 2019. His Schedule C net income is $148,000 for the year. He also has a part-time job and earns $8,880 in wages subject to FICA taxes. Calculate Stew's self-employment tax for 2019 using Schedule SE.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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