Sally Is an Electrician Employed by Bogie Company

question 109

Multiple Choice

Sally is an electrician employed by Bogie Company. Sam is a self-employed electrician. During the current year, Sally's salary is $85,000 and Sam's net self-employment income is $85,000. Which of the following statements about the Social Security and self-employment taxes paid is/are correct?
I.Sam pays more self-employment tax than Sally pays in Social Security tax.
II.Sam's self-employment tax is equal to the Social Security tax paid on Sally's income.
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• A)Only statement I is correct.
• B)Only statement II correct.
• C)Both statements are correct.
• D)Neither statement is correct.

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Definitions:

Key Account

A major customer or client that contributes a significant portion of a company's revenue, often receiving special attention and tailored services.

Personal Sales Goals

Individual objectives set by a salesperson, related to sales performance, customer acquisition, or other key metrics.

Ethical Behavior

Conduct that is consistent with what society and individuals typically think are good values, such as honesty, integrity, and fairness.

Conventional Level

A stage in moral development where individuals make judgments based on conforming to the standards of others or upholding law and order.