True/False

1. There is a wage cap on the HI portion but not on the OASDI portion of the self-employment tax.

2.The Additional Medicare Tax applies to both net earnings from self-employment and salary.

3. One-half of the Additional Medicare Tax is deductible for AGI.

4. There is no penalty for underpayment of estimated tax as long as the required annual payment is made by January 15 of the year following the end of the taxpayer's tax year.

5. Gross income is not limited to amounts received in the form of cash but the important question is whether the taxpayer receives an economic benefit.

6. Income from separate property is always considered to be separate income.