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

question 41

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.The tax base for self-employment taxes is net earnings from self-employment which is net income from self-employment multiplied by 92.35%.

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