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Choose the correct answer. Self-employment taxes: a. Apply to taxpayers with less than $400 in self-employment earnings. b. Consist of Medicare tax and Social Security
Choose the correct answer. Self-employment taxes: a. Apply to taxpayers with less than $400 in self-employment earnings. b. Consist of Medicare tax and Social Security tax. c. Are not affected by wages the taxpayer earns as an employee. d. Are calculated based on unearned income such as interest and dividends as well as net earnings from self-employment.
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