4. Hasan has a sole proprietorship business and reported $115,000 of self-employment income on his [blank Form 1040 schedule]. The income subject to the Medicare portion of the self-employment tax was[blank]. See Class 5, focus slide 17. Report self-employment income on Schedule C, Profit or Loss from Business (Sole Proprietorship). The income subject to the Medicare portion is subject to the self-employed multiplier. Amount is $106,202.50. a. Would the answer be different if his business was an S Corporation? And as Hasan's tax adviser, are there any other considerations you would tell him to be conscientious of? FICA is only paid on the salary earned from the S Corporation. Be mindful of "reasonable compensation