All of the Following Statements Regarding Self-Employment Income/tax Are True

question 34

Multiple Choice

All of the following statements regarding self-employment income/tax are true except:

• A)The self-employment tax is imposed on net earnings from self-employment over $400.
• B)Self-employment tax is computed separately for married individuals filing joint returns.
• C)Independent contractors are subject to self-employment tax on the amount of net earnings from the self-employment activity.
• D)Employees who have a business in addition to their regular employment are not subject to the self-employment tax since FICA is withheld on their wages.

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Definitions:

Anterior Cingulate Cortex

A region of the brain involved in a wide range of cognitive functions, including decision-making, emotion, and error detection.

Amygdala

A part of the brain's limbic system involved in emotion regulation, particularly fear and pleasure responses.

Cerebellum

A major structure of the brain located near the brainstem that plays important roles in motor control, coordination, and balance.

Facial Muscles

Groups of muscles beneath the skin of the face, responsible for facial expressions and communication.