Jc recently graduated from veterinary school and opened her own professional practice. assume jc does not qualify for the qbi deduction. this year, her net profit was $31,100.
a. compute jc’s after-tax income from her practice assuming her self-employment tax is $4,394, and her marginal income tax rate is 22 percent.
b. what percentage of the federal tax burden on jc’s business income is represented by the self-employment tax