PLEASE IGNORE ALL NUMBERS IN THE BOXES PART A PART B PART C...
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Accounting
PLEASE IGNORE ALL NUMBERS IN THE BOXES
PART A
PART B
PART C
Mrs. Singer owns a profitable sole proprietorship. For each of the following cases, use a Schedule SE, Form 1040, to compute her 2017 self-employment tax and her income tax deduction for such tax. a. Compute 2017 self-employment tax and the income tax deduction for such tax if Mrs. Singer's net profit from Schedule C was $51,458. She had no other earned income. $51,458, and she received a $80,000 salary from an employer. $51,458, and she received a $137,000 salary from an employer. b. Compute 2017 self-employment tax and the income tax deduction for such tax if Mrs. Singer's net profit from Schedule C was c. Compute 2017 self-employment tax and the income tax deduction for such tax if Mrs. Singer's net profit from Schedule C was Mrs. Singer owns a profitable sole proprietorship. For each of the following cases, use a Schedule SE, Form 1040, to compute her 2017 self-employment tax and her income tax deduction for such tax. a. Compute 2017 self-employment tax and the income tax deduction for such tax if Mrs. Singer's net profit from Schedule C was $51,458. She had no other earned income. $51,458, and she received a $80,000 salary from an employer. $51,458, and she received a $137,000 salary from an employer. b. Compute 2017 self-employment tax and the income tax deduction for such tax if Mrs. Singer's net profit from Schedule C was c. Compute 2017 self-employment tax and the income tax deduction for such tax if Mrs. Singer's net profit from Schedule C was
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