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Refer to question 14. Assume Darin has a marginal tax rate of 32% in the...

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Accounting

Refer to question 14. Assume Darin has a marginal tax rate of 32% in the current Darin runs a consulting business as a cash basis sole proprietorship. In the current year he receives $300,000 in gross receipts from clients and pays deductible business expenses of $120,000. What is Darins self-employment tax liability??

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