1. Rustin has a short-term capital loss of $300 and a long-term capital loss of $3,800 in the current year. What deduction will Rustin be able to take from income on his tax return in the current year?

Select one:

a. $3,500

b. $3,000

c. $3,800

d. $4,100

2.

If you were self employed and made less than $100,000, your total FICA rate was:

Select one:

a. 6.75%

b. 7.25%

c. 11.3%

d. 13.3%

e. 15.3%