A Self-Employed Individual Has Earnings from His Business of $300,000

question 90

True/False

A self-employed individual has earnings from his business of $300,000 in 2019.For the earnings in excess of $132,900,he will only have to pay the 2.9% Medicare Tax.

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Definitions:

Somatic Nervous System

A part of the peripheral nervous system that handles voluntary control of body movements through the control of skeletal muscles.

Endocrine System

A network of glands in the body that produce hormones, which regulate metabolism, growth and development, tissue function, sexual function, reproduction, sleep, and mood, among other things.

Bug Crawling

The sensation or perception of insects moving over one's skin, often without any physical cause.

Somatic Nervous System

Part of the peripheral nervous system that handles voluntary control of body movements via skeletal muscles.