ion Question 12-9 (LO. 6) oan is a self-employed consultant. What is her exposure to the Federal self-employment tax? What tax rates that apply to Joan's profits, and the income base amounts for the year? Individuals with net earnings of 2018, the self-employment tax is 12.4percent of self-employment earnings up to portion plus 2.9 percent of the total amount of self-employment earnings for the Medicare portion. Self employed taxpayers deduct a portion of the self-employment tax un determining the self-employment tax as well as a deduction for computing AG. 400 or more from self-employment are subject to the self-employment tax. For 15.3 X for the Social Security Check My Work The FICA tax has two Social Security tax and Medicare tax. Both the employer and the employee pay the tax. However, an employee may conduct a trade or business in a self-employment capacity, and these profits may require the payment of income and self-employment tax. y Work O more Check My Work uses All work saved