Explain the two major divisions reported in government wide financial statements and what are not reported in these financial statements.

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Martin Hughes earns net self-employment income of $157,100. He works a second job from which he receives FICA taxable earnings of $127,600.Self-Employment tax =

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Chapter 16, Problem 13Q

To determine

Explain the two major divisions reported in government wide financial statements and what are not reported in these financial statements.

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Martin Hughes earns net self-employment income of $157,100. He works a second job from which he receives FICA taxable earnings of $127,600.Self-Employment tax =

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