The Ceiling Amounts and Percentages for 2016 for the Two

question 26

Multiple Choice

The ceiling amounts and percentages for 2016 for the two portions of the self-employment tax are:
​
Social Security portion Medicare portion

• A)$118,500;12.4% Unlimited;2.9%
• B)$118,500;15.3% Unlimited;2.9%
• C)$117,000;12.4% Unlimited;2.9%
• D)$117,000;2.9% Unlimited;13.3%

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