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John is a sole proprietor with $90,000 in net earnings. Additionally, John received a $40,000...

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Accounting

John is a sole proprietor with $90,000 in net earnings. Additionally, John received a $40,000 dividend from an S-corp in which he has a 10% interest. He is considered to be a material participant in the S-Corporation business. How much is his self-employment tax in 2023? A. $12,404 B. $12,716 C. $13,770 D. $18,368

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