Business, 21.12.2020 18:00 kimlyn58p0wyn0
During 20X1, Eleanor earns $146,000 in wages as an employee of an accounting firm. She also earns $26,000 in gross income from an outside consulting service she operates. Deductible expenses paid in connection with the consulting service amount to $6,000. Eleanor also has a recognized long-term capital gain of $1,000 from the sale of a stock investment. She must pay a self-employment tax on:
a. $145,000.
b. $144,000.
c. $31,000.
d. $30,000.
e. $24,000.
Answers: 1
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Business, 22.06.2019 23:00, lekylawhite16
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During 20X1, Eleanor earns $146,000 in wages as an employee of an accounting firm. She also earns $2...
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