Julie is a self-employed dance instructor. Her net self-employment income is $120,000. What is Julie's self-employment tax? O $15,570.00 O $15,606.80 O $18,360.00 O $16,845.30 O $18,174.00 Geraldine is a single individual. She receives $5,000 of tax-exempt income in addition to her salary and other investment income. Geraldine's tax return showed the following information: Gross income $90,000 (4,000) Deductions for adjusted gross income Adjusted gross income Itemized deductions $86,000 (14.400) Taxable income $71,600 Income tax $11,542 Less: Income tax withheld from wages (11,742) Refund $200 Which of the following statements concerning Geraldine's tax rates is (are) correct? 1. Geraldine's average tax rate is 16.1%. 2. Geraldine's average tax rate is 15.1%. 3. Geraldine's effective tax rate is 16.1%. 4. Geraldine's effective tax rate is 15.1%. Statements 1 and 4 are correct. Statements 2 and 3 are correct. 0000 Statements 2 and 4 are correct. Statements 1 and 3 are correct