For net earnings greater than $400, a self -employed taxpayer is subject to Medicare tax in the amount of

1) 2.9% of 92.35% of profit from self-employment.

2) 2.9% of 92.35% of profit from self-employment greater than $137,700

3) 15.3% of 92.35% of profit from self-employment income.

4) 15.3% of 92.35% of profit from self-employment income greater than $137,700