Identify whiich statements are True or False as relates to Self-Employment Tax Individuals are subject to self-employment tax if their net earnings are more than $400. Choose Self-employment taxes include components for Social Security and Medicare hospital insurance Choose - Self-employment tax, just like FICA, is determined on an individual, not joint, basis. Choose There is a ceiling on the Social Security portion but not on the Medicare portion. Choose If an individual is classified as an employee, the employer is required to withhold the employee's share of the FICA tax and to provide a matching amount. Choose Self-employed individuals are subject to the self-employment tax if their net earnings are more than $600 Choose. The tax law allows a self-employed individual to deduct one-half of the self-employment tax as a for AGI deduction Choose Social Security tax imposed at a rate of 12.4% on wages all paid by the employer Choose . Medicare tax imposed at a rate of 2.9% on wages all paid by the employer Choose A self-employed individual has earnings from his business of $300,000 in 2018. For the earnings in excess of $128,400, he will only have to pay the 2.9% Medicare Tax. Choose