If an Individual Is an Employee and Also Has Self-Employment

question 62

True/False

If an individual is an employee and also has self-employment income,the maximum tax base for computing self-employment tax is reduced by the wages that are subject to the FICA tax.

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Definitions:

Revolutionary War

A conflict from 1775 to 1783 in which the Thirteen American Colonies won independence from Great Britain, becoming the United States of America.

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Refers to skilled craft workers who produce handcrafted goods or engage in trades in Philadelphia, a city with a rich history of craftsmanship.

Democratic Politics

The practice and principles of democracy in the political sphere, emphasizing participation, competition, and representation.

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The fundamental legal documents establishing the governance structure of individual states within a federation.