What is the amount of self-employment tax that would be paid by Andy for the year assuming he earned $128,100 while working as an employee of the University and another $20,000 from a sales business he owns? Select one: a. S1,190.40 b. S1,726.03 C. $535.63 d. S2,825.91 е. None of these

What is the amount of self-employment tax that would be paid by Andy for the year assuming he earned $128,100 while working as an employee of the University and another $20,000 from a sales business he owns? Select one: a. S1,190.40 b. S1,726.03 C. $535.63 d. S2,825.91 е. None of these

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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Question

What is the amount of self-employment tax that would be paid by Andy for the year assuming he
earned $128,100 while working as an employee of the University and another S20,000 from a sales
business he owns?
Select one:
a.
S1,190.40
b.
S1,726.03
C.
$535.63
d.
$2,825.91
e.
None of these

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