Question
1. For 2016, the maximum base amount for computing the Medicare portion of the self-employment tax is $150,000. True False 2. When taxpayers overpay Social
1. For 2016, the maximum base amount for computing the Medicare portion of the self-employment tax is $150,000.
True
False
2. When taxpayers overpay Social Security taxes, the excess taxes may be claimed as a credit against their income tax liability.
True
False
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Government Auditing Standards 2011 Revision
Authors: U. S. Government Accountability Office, Comptroller General Of The United States
1st Edition
1482311372, 978-1482311372
