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For 2015,compare the Income and FICA or Self-Employment Tax Burdens

Question 48

Essay

For 2015,compare the income and FICA or self-employment tax burdens of an individual in the 25 percent marginal income tax bracket who owns a business that has operating income of $50,000 if the business is (a)a C corporation or (b)a sole proprietorship.The owner takes $30,000 out of the business as a salary.

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For 2015:
a.C corporation: FICA: ($30,00...

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