Click to watch the Tell Me More Learning Objective $3$ video and then answer the questions below.

For computing the OASDI taxes, the maximum self$-$employment earnings of any individual is $$200,000.$

a$.$ True

b$.$ False

If the self$-$employed individual is also an employee of another company, the wages received can reduce the amount of self$-$employment income that is taxed.

a$.$ True

b$.$ False

Ramsey Smith receives wages amounting to $$93,500.$ His net earnings from self$-$employment amount to $$68,600.$ Smith must count of his earnings in determining taxable self$-$employment income for OASDI taxes.

a$.$ $$68,600$

b$.$ $$147,000$

c$.$ $$53,500$

d$.$ $$93,500$