What is her self-employment tax liability


1. Andrew works for a manufacturing company, earning $400,000 in salary during 2014. Assuming he has no other sources of income, what amount of FICA tax will Andrew pay for the year? Show all calcucalations.

2. Jessica is self-employed in 2014. Her net business profit on her Schedule C for the year is $140,000. What is her self-employment tax liability for 2014? (Round your intermediate and final answer to the nearest whole dollar amount, and Show all calcucalations.)

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Accounting Basics: What is her self-employment tax liability
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