Jackson reports $60,000 sales from his Schedule C business. He has utility and wages expenses of $20,000, and depreciation of $5,000. Jackson also…

3. Jackson reports $60,000 sales from his Schedule C business. He has utility and wages expenses of $20,000, and depreciation of $5,000. Jackson also has $20,000 income from wages as an employee.  What is Jackson’s self-employment tax for the year?  

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