51. If in 2013, a woman made $100,000 on the job, $20,000 from a consulting business she operated, and $10,000 in dividends on stock she owned, she would owe old-age Social Security taxes on A. $87,000. B. $97,500. C. $113,700. D. $130,000.

51. If in 2013, a woman made $100,000 on the job, $20,000 from a consulting business she operated, and $10,000 in dividends on stock she owned, she would owe old-age Social Security taxes on A. $87,000. B. $97,500. C. $113,700. D. $130,000.

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter5: Introduction To Business Expenses

Section: Chapter Questions

Problem 70P

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Question

51. If in 2013, a woman made $100,000 on the job, $20,000 from a consulting business she operated,
and $10,000 in dividends on stock she owned, she would owe old-age Social Security taxes on
A. $87,000.
B. $97,500.
C. $113,700.
D. $130,000.

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