Who owns a business that has operating income of $60,000


An owner takes $35,000 out of her business as a salary for 2009. Compare the income and FICA or self-employment tax burdens of an individual who owns a business that has operating income of $60,000 if the business is

a. a C corporation

b. a sole proprietorship

 

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Accounting Basics: Who owns a business that has operating income of $60,000
Reference No:- TGS0102075

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