For 2018, compare the income and FICA or self-employment tax burdens only of an individual in the 24 percent marginal income tax bracket who owns a business that has operating income of $50,000 if the business is (a) an S corporation or (b) a sole proprietorship. The owner takes $30,000 out of the business as a salary.

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The Answer of For 2018, compare the income and FICA or self-employment tax burdens only of an individual in the 24 percent marginal income tax bracket who owns a business that has operating income of $50,000 if the business is (a) an S corporation or (b) a sole proprietorship. The owner takes $30,000 out of the business as a salary.

For 2018, Compare the Income and FICA or Self-Employment Tax