Complete the paragraph below which describes the exposure (i.e., wage base and tax rate) that a self-employed individual has to the self-employment tax for 2015.

Individuals with net earnings of $( )or more from self-employment are subject to the self-employment tax. The self-employment tax for 2015 applies at a rate of [1.45; 6.2; 15.3]% of self-employment income up to $( )

Paola and Isidora are married, file a joint tax return, report modified AGI of $148,000, and have one dependent child, Dante. The couple paid $12,000 of tuition and $10,000 for room and board for Dante (a freshman). Dante is a full-time student and claimed as dependent by Paola and Isidora.

For 2015, Paola and Isidora may claim an American Opportunity Credit of $( )

Santiago and Amy are married and file a joint tax return claiming their three children, ages 12, 14, and 18, as dependents. Their AGI is $140,000.

Santiago and Amy's child tax credit is $( )

In 2015, Miranda records net earnings from self-employment of $146,000. She has no other income.

In your computations round all amounts to two decimal places. Round your final answers to the nearest dollar.

Miranda's self-employment tax is $( )and she has a $( )deduction[for or from]AGI.

Samuel and Annamaria are married, file a joint return, and have three qualifying children. In 2015, they earn wages of $34,000 and no other income.

Round your intermediate computations to two decimal places and your final answer to the nearest dollar. Click here to access theEarned Income Credit and Phaseout Percentages Table.

The earned income credit is $( )