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Peyton owns and operates an auto repair shop. His net profit in 2023, reported on...

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Accounting

Peyton owns and operates an auto repair shop. His net profit in 2023, reported on his Schedule C, Profit or Loss from Business (Sole Proprietorship), was $140,000. This was Peyton's only source of income during the year. He did not claim the self-employment health insurance deduction.
What is the amount of self-employment tax he must pay?
$16,032
$19,781
$21,420
$22,680

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