The ceiling amounts and percentages for 2013 for the two portions of the self-employment tax are: Social Security portion Medicare portion
A) $110,100; 12.4% Unlimited; 2.9%
B) $110,100; 15.3% Unlimited; 2.9%
C) $113,700; 12.4% Unlimited; 2.9%
D) $113,700; 2.9% Unlimited; 13.3%
E) None of the above.
Correct Answer:
Verified
Q84: For an activity classified as a hobby,
Q85: Which of the following correctly reflects current
Q89: One of the tax advantages of being
Q97: George is employed by the Quality Appliance
Q113: Merrill is a participant in a SIMPLE
Q132: Dana,age 31 and unmarried,is an active participant
Q134: Susan is a self-employed accountant with a
Q138: Pat generated self-employment income in 2013 of
Q140: During 2013,Eleanor earns $120,000 in wages as
Q141: After graduating from college,Clint obtained employment in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents