All of the Following Statements Regarding Self-Employment Income/tax Are True

question 34

Multiple Choice

All of the following statements regarding self-employment income/tax are true except:

• A)The self-employment tax is imposed on net earnings from self-employment over $400.
• B)Self-employment tax is computed separately for married individuals filing joint returns.
• C)Independent contractors are subject to self-employment tax on the amount of net earnings from the self-employment activity.
• D)Employees who have a business in addition to their regular employment are not subject to the self-employment tax since FICA is withheld on their wages.

---

Definitions:

Glaucoma

A group of eye conditions that lead to damage to the optic nerve, often associated with increased intraocular pressure, and can result in vision loss.

Parvocellular Cells

Small-bodied neurons found in the parvocellular layer of the thalamus, involved in processing fine visual details and color.

Cones

Photoreceptor cells in the retina of the eye that enable color vision and function best in relatively bright light.

Optic Nerve

The nerve that transmits visual information from the retina to the brain, crucial for vision.