Business, 19.12.2019 20:31 michaelandtammytrice

During the year, eleanor earns $120,000 in wages as an employee of an accounting firm. she also earns $30,000 in gross income from an outside consulting service she operates. deductible expenses paid in connection with the consulting service amount to $6,000. eleanor also has a recognized long-term capital gain of $1,000 from the sale of a stock investment. she must pay a self-employment tax on:

a. $145,000
b. $144,000.
c. $31,000.
d. $30,000.
e. $24,000.

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During the year, eleanor earns $120,000 in wages as an employee of an accounting firm. she also earn...

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