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Business, 14.11.2019 01:31 lewisf5929

Mrs. singer owns a profitable sole proprietorship. for each of the following cases, use a schedule se, form 1040, to compute her 2018 self-employment tax and her income tax deduction for such tax. compute 2018 self-employment tax and the income tax deduction for such tax if
a. mrs. singer’s net profit from schedule c was $51,458. she had no other earned income.
b. mrs. singer’s net profit from schedule c was $51,458, and she received a $100,000 salary from an employer.
c. mrs. singer’s net profit from schedule c was $51,458, and she received a $137,000 salary from an employer.

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