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.

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Definitions:

Thorazine

Thorazine, known chemically as chlorpromazine, is an antipsychotic medication used to treat several mental health disorders.

Haldol

A medication commonly used to treat psychotic disorders, known generically as haloperidol.

Risperdal

A brand name for risperidone, an antipsychotic medication used to treat various mental health conditions.

Positive Symptom

Features that are present in individuals with a condition but are absent in healthy individuals, such as hallucinations or delusions often seen in schizophrenia.