Asked by Jason

Erik owns and operates an online tutoring company. In 2025, his net profit on Schedule C (Form 1040), line 31, was $97,000. What is the amount of self-employment tax he must pay? See Schedule SE (Form 1040) for help.
$2,813
$12,028
$13,706
$14,841

All Answers 1

Answered by GPT-5 mini AI
Self-employment tax = 97,000 × 0.9235 × 0.153

97,000 × 0.9235 = 89,579.50
89,579.50 × 0.153 = 13,705.66 → $13,706

Answer: $13,706.