The taxpayer will apply the minimum tax credit against a future year's regular tax liability when regular tax exceeds the tentative minimum Tax Choose.. A Choose . In calculating a taxpayer's AMT adjustments for timing differences will be made for an office building placed in service in 2015 medical expenses are allowable deductions under the allernative minimum lax Choose qualified housing interes are allowable deductions under the alternative minimax Choose For purposes of the Mamze deductions are disallowed. but the standard deduction Wed Choose . 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... There is a ceiling on the Social Security portion but not on the Medicare portion. Choose... True Self-employed individuals are subject to the self-employment tax if their net earnings are more than $600 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-employment tax, just like FICA, is determined on an individual, not joint, basis. 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 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