What amount of self-employment taxes is toby required


Toby worked as an employee during the first half of 2013 earning $80,000 of salary. Toby's employer withheld $4,960 of Social Security tax and $1,160 of Medicare tax. In the second half of the year, he was self-employed and reported $85,000 of self-employment income on his Schedule C. What amount of self-employment taxes is Toby required to pay?

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Accounting Basics: What amount of self-employment taxes is toby required
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