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Which of the following is correct in regards to self employment tax on individual member LLCs and partnerships. A. They are never subject to self
Which of the following is correct in regards to self employment tax on individual member LLCs and partnerships.
A. They are never subject to self employment tax.
B. All members of an LLC are considered employees of the LLC thus subjecct to FICA not self employment tax
C. They are generally subject to self employment tax on their share of net earnings from self employment.
D. The payment of FICA or Self Employment tax is optional.
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