Problem 6-16 self-employment tax (lo 6.6) stewart beauf is a self-employed surfboard maker in 2018. his schedule c net income is $125,003 for the year. he also has a part-time job and earns $15,600 in wages subject to fica taxes. calculate stewart’s self-employment tax for 2018 using schedule se. if required, round amounts to the nearest dollar. enter all amounts as positive numbers. if a line item does not require an entry or the answer is zero, enter "0".

Dahlia enterprises needs someone to supply it with 127,000 cartons of machine screws per year to support its manufacturing needs over the next five years, and you’ve decided to bid on the contract. it will cost you $940,000 to install the equipment necessary to start production; you’ll depreciate this cost straight-line to zero over the project’s life. you estimate that in five years, this equipment can be salvaged for $77,000. your fixed production costs will be $332,000 per year, and your variable production costs should be $11.00 per carton. you also need an initial investment in net working capital of $82,000. if your tax rate is 30 percent and your required return is 11 percent on your investment, what bid price should you submit? (do not round intermediate calculations and round your final answer to 2 decimal places. (e. g., 32.16))