3. Which of the following statements is correct regarding self-employment tax? 1. W-2 income earned during a year will always reduce the amount of self-employment tax due on self-employment income. 2. Two separate sources of self-employment income are combined to determine the total self-employment tax owed by the taxpayer. 1 only. 2 only. Both 1 and 2. Neither 1 nor 2.

With explanation please thanks