When a Husband and Wife File a Joint Return and Both

question 118

True/False

When a husband and wife file a joint return and both have self-employment income,the self-employment tax must be computed separately.

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Definitions:

Linear Regression Equation

A mathematical equation that describes the linear relationship between two or more variables, typically one dependent and one or more independent variables.

Slope

The rate of change in one variable relative to a change in another variable, often used in the context of linear regression.

Intercept

The value of the dependent variable when all independent variables are zero in a regression model.

Y-Intercept

The point where a line crosses the y-axis of a graph, representing the value of y when x equals zero.