Question: Assume all of the self-employment income is Guy’s self-employment income. Using an effective self-employment tax rate of 12.15% ((15.3% x 0.9235) x (1- (0.5 x 0.28))) on the first $117,000 of self-employment incoMeand 2.30% ((2.9% x 0.9235) x (1- (0.5 x

0.28))) on the self-employment income over $117,000, calculate Guy’s self-employment tax liability from the sale of the assets.