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Alexander Ryan earns net self employment income of 115,000. he works a second job from which...

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Accounting

Alexander Ryan earns net self employment income of115,000. he works a second job from which he receives FICA taxableearnings of 44,000.

self employment tax?

Answer & Explanation Solved by verified expert
4.1 Ratings (850 Votes)
If a person is in employment and is self employed too his employment income will be taken first for calculation of cap limit and then self employment is taken Under self employment tax person is liable to pay both    See Answer
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