JC recently graduated from veterinary school and opened her own professional practice. Assume JC does...
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JC recently graduated from veterinary school and opened her own professional practice. Assume JC does not qualify for the QBl deduction. This year, her net profit was $27,900. a. Compute JC's after-tax income from her practice assuming her self-employment tax is $3,942, and her marginal income tax rate is 22 percent. b. What percentage of the federal tax burden on JC's business income is represented by the self-employment tax? Complete this question by entering your answers in the tabs below. Required A Required B Compute JC's after-tax income from her practice assuming her self-employment tax is $3,942, and her marginal income tax rate is 22 percent. (Round your intermediate calculations to the nearest whole dollar amount.) After-tax income Required A Required B Required A Required B What percentage of the federal tax burden on JC's business income is represented by the self-employment tax? (Round your answer to the nearest whole percent.) Self-employment tax Required A Required B
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