Hong self-employment tax, Question: What is Hong's self-employment tax for 2014?, Accounting Basics

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Hong self-employment tax

Problem:

Hong earns $127,300 in her job as a physician's assistant. She also has her own business selling cosmetics. This business generated $10,000 of earnings.

Required:

Question: What is Hong's self-employment tax for 2014?

A. $268

B. $290

C. $1,412

D. $1,530

Note: Please provide through step by step calculations.

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Accounting Basics: Hong self-employment tax

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Accounting Basics: Hong self-employment tax

Reference No:- TGS0882691

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Accounting Basics: Hong self-employment tax

Reference No:- TGS0882691

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