Jc recently graduated from veterinary school and opened her own professional practice. assume jc does not qualify for the qbi deduction. this year, her net profit was $31,100.
a. compute jc’s after-tax income from her practice assuming her self-employment tax is $4,394, and her marginal income tax rate is 22 percent.
b. what percentage of the federal tax burden on jc’s business income is represented by the self-employment tax

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan