Answer:
$79,421
$12,151.413
Step by Step Explanation:
The self-employment taxable income is 92.35% of net earnings. While the tax rate for self-employment tax liability is 15.3% for year 2019
Schedule C net earnings: $86,000
Self-employment taxable income rate: 92.35%
Self-employment taxable income= 92.35%×86,000
=$79,421
Self-employment taxable income: $79,421
Self-employment tax rate: 15.3%
self-employment tax liability=
Self-employment taxable income×Self-employment tax rate
$79,421×15.3% =$ 12,151.413
Answer
The answer and procedures of the exercise are attached in a microsoft excel document.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
They can go to a well known reputable counsellor and both present their points of view and their reasoning and discuss it with the counsellor who should be able to delve into the reasoning for their moral positions and perhaps find common ground for the two positions or point out inconsistencies in the arguments of one to increase understanding of the other parties's position and arrive at a mutually beneficial result.
"By diversifying your investments" is the way among the choices given in the question that you can <span>maintain a balance between high-risk and low-risk investments. The correct option among all the options that are given in the question is the first option or option "A". I hope the answer helps you.</span>
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