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:

Recommendation Letter

A written endorsement of a person's character and qualifications, typically required for job applications, scholarships, or academic admissions.

Negative Information

Information that is unfavorable, detrimental, or presents challenges to an individual or organization.

Goodwill Message

Communication designed to foster a positive relationship between the sender and the recipient, often expressing thanks or appreciation.

Specific Points

Detailed and precise statements or facts that support an argument or contribute to an understanding of a larger topic.