Question
43. A wage cap does not exist for which of the following self-employment taxes? A) Social Security tax B) FICA C) FUTA D) Medicare hospital
43. A wage cap does not exist for which of the following self-employment taxes?
A) Social Security tax
B) FICA
C) FUTA
D) Medicare hospital insurance
44. In the fall of 2018, Tatiana went back to school to earn a master of business degree. She incurred $8,000 of qualified educational expenses and her modified AGI for the year was $50,000. Her Lifetime Learning Credit is
A) $1,000.
B) $1,400.
C) $1,600.
D) $2,500.
45. Which one of the following is a refundable credit?
A) child and dependent care credit
B) earned income credit
C) lifetime learning credit
D) credit for the elderly and disabled
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