Question 14 of 15. Each of the following statements is correct with respect to the farm optional method of computing self-employment tax E O if gross farm income is $8,460 or less, self-employment tax may be computed on the amount of gross farm income If gross farm income is $8,460 or less, a farmer can elect the optional method, regardless of the amount of net farm income If gross farm income is more than $8,460, a farmer can elect the optional method if net farm income is less than $6,107 If gross farm income is more than $8,460 and net farm income is less than $6,107 self-employment tax, using the optional m Mark for follow up Cuntion 15 of 15