Tom is a 20 owner of the s corporation and he performs


An S corporation has the following information for the taxable year:

Net income before the following listed items: $120,000

Tom's salary: ($50,000)

Other income: $40,000

Other expenses: ($20,000)

Resulting Net Income: $90,000

Tom is a 20% owner of the S corporation and he performs services for the business as an employee. What is Tom's self-employment income?

  • 120000
  • 90000
  • 70000
  • 0

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Basic Statistics: Tom is a 20 owner of the s corporation and he performs
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