The ceiling amounts and percentages for 2016 for the two portions of the self-employment tax are:
Social Security portion Medicare portion
A) $118,500;12.4% Unlimited;2.9%
B) $118,500;15.3% Unlimited;2.9%
C) $117,000;12.4% Unlimited;2.9%
D) $117,000;2.9% Unlimited;13.3%
Correct Answer:
Verified
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