Which of the Following Statements Regarding the Self-Employment Tax Is

question 153

Multiple Choice

Which of the following statements regarding the self-employment tax is most accurate?

• A)The self-employment tax base is generally the taxpayer's net income from self-employment (usually net income from Schedule C).
• B)Taxpayers who report less than $600 of net income from self-employment (usually net income from Schedule C)are not required to pay self-employment taxes.
• C)The self-employment tax base is net earnings from self employment which is less than net income from self-employment.
• D)The Social Security tax limit does not apply to self-employment taxes.

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Definitions:

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The immediate and unconditional ending of slavery, without any phase-out period, advocated by certain abolitionist groups before and during the American Civil War.

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An American abolitionist, journalist, suffragist, and social reformer best known for his anti-slavery newspaper "The Liberator" and for founding the American Anti-Slavery Society.