AlicR63701
AlicR63701
25.02.2020 • 
Mathematics

Betty operates a beauty salon as a sole proprietorship. Betty also owns and rents an apartment building. This year Betty had the following income and expenses. You may assume that Betty will owe $2,542 in self-employment tax on her salon income, with $1,271 representing the employer portion of the self-employment tax. You may also assume that her divorce from Rocky was finalized in 2016.

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