contestada

Fess receives wages totaling $74,500 and has net earnings from self-employment amounting to $71,300. In determining her taxable self-employment income for the OASDI tax, how much of her net self-employment earnings must Fess count? a. $74,500 b. $71,300 c. $53,900 d. $127,200 e. None of the above.

Relax

Respuesta :

Fess wages                 $74500

Net self employ           $51300                                    

Fess must count $39,200 of the taxable self employment income for the OASDI tax                    _______

                                   125,800 First

First       $113700

             (125,800)

           _________

                12,100

-

Correct Answer: $39,200

                           ($113,700 - $74,500)

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