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Mark the Correct Answer. Self-Employment Taxes

Question 61

Multiple Choice

Mark the correct answer. Self-employment taxes:


A) Consist of a Medicare tax and a Social Security tax.
B) Are not affected by wages the taxpayer earns as an employee.
C) Apply to taxpayers with less than $400 in self-employment earnings.
D) Are calculated based on unearned income such as interest and dividends as well as net earnings from self-employment.

Correct Answer:

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