Instructions: Determine the amount to be paid for social security and medicare for this own...
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Accounting
Instructions: Determine the amount to be paid for social security and medicare for this own service business
Margaret started her own business in the current year and will report a profit for her first year. Her results of operations are as follows What is the net income Margaret should show on her Schedule C? Show the calculation of her taxable business income. Gross income What is the net income Margaret should show on her Schedule C? Show the calculation of her taxa Gross income Expenses (describe each) Taxable business income
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