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Jackson reports 60000 sales from his schedule c business

Question - Jackson reports $60,000 sales from his Schedule C business. He has utility and wages expenses of $20,000, and depreciation of $5,000. Jackson also has $20,000 income from wages as an employee. What is Jackson's self-employment tax for the year?

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Accounting Basics: Jackson reports 60000 sales from his schedule c business

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Accounting Basics: Jackson reports 60000 sales from his schedule c business

Reference No:- TGS02754963

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