Anita is a self employed beautician. This year her net income reported on Schedule C was...
Anita is a self employed beautician. This year her net income reported on Schedule C was $43,600. How much self employment tax must she pay on Schedule SE? A. $3180 B.$6160 C.$6671 D none
Homework Answers
Ans The correct option for the above answer is Option C i.e. 6,671
Self employment tax rate= 15.3%
Net income on schedule C was $43,600
Therefore self employment tax rate= 15.3% of $43,600
= 6670.80 or 6671
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