Sandy is a self-employed health information coder.She has net earnings profit)from her business of $71,200.Her self-employment taxes for the year are: Round your answer to 2 decimal places.)

Name: Sandy is a self-employed health information coder.She has net earnings profit)from her business of $71,200.Her self-employment taxes for the year are: Round your answer to 2 decimal places.)
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Question

Quizplus · Accepted Answer

Self-employment tax is calculated as 15.3% of net earnings. For $71,200, the tax is $71,200 * 0.153 = $10,060.24.

Sandy Is a Self-Employed Health Information Coder