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Business, 08.10.2019 03:10 james22000

Juan recently started operating a flower shop as a proprietorship. in its first year of operations, the shop had a taxable income of $60,000. assuming that juan had no other employment-related earnings,

a) the flower shop must withhold fica taxes from juan's earnings.
b) juan must pay self-employment tax on the earnings of the business.
c) juan will be exempt from self-employment taxes for the first three years of operations.
d) juan will be exempt from the medicare tax because the business earnings are below the threshold amount.

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