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Lexa Worked as an Employee During the First Half of the Year

Question 151

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Lexa worked as an employee during the first half of the year earning $65,000 of salary. Lexa's employer withheld $4,030 of Social Security tax, $943 of Medicare tax, and $0 of .9 percent additional Medicare tax. In the second half of the year, she was self-employed and she reported $180,000 of self-employment income on her Schedule
C. What amount of self-employment taxes is Lexa required to pay?

Correct Answer:

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$11,736.
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