1. Marta is an employee and her salary for taxable year 2021 was $35,000. In that same year, Marta operated a business on her own which generated $100,000 in gross income and $75,000 in operating expenses.

What is the Federal Self-Employment Tax that Marta will have to pay for taxable year 2021?

a. $3,532

b. $9,180

c. $3,825

d. $8,478

2.For taxable year 2021, Marta, single, operated a business on her own account which generated $300,000 in gross income and $75,000 in ordinary and necessary expenses.

What is the Federal Self-Employment Tax that Marta will have to pay for taxable year 2021?

a. $23,804

b. $31,792

c. $21,848

d. $23,734

3.The ABC Company generated for 2021 net income from operations of $250,000. The Company has two partners: Partner A with a 60% stake and Partner B with a 40% stake.

Partner A is the managing partner and received a $25,000 guaranteed payout in 2021. Partner B is a limited partner and received a $20,000 guaranteed payout for the same period.

Which of the following alternatives is true for taxable year 2021?

a. Partner B is subject to the payment of Federal Self-Employment Tax only for the amount of $120,000.

b. Partner A is subject to the payment of Federal Self-Employment Tax only for the amount of $25,000.

c. Partner B is subject to the payment of Federal Self-Employment Tax only for the amount of $20,000.

d. Partner A is subject to the payment of Federal Self-Employment Tax only for the amount of $150,000.