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Which of the following statements regarding the self - employment tax is most accurate? Multiple Choice The self - employment tax base is generally the
Which of the following statements regarding the selfemployment tax is most accurate?
Multiple Choice
The selfemployment tax base is generally the taxpayer's net income from selfemployment usually net income from Schedule C
Taxpayers who report less than $ of net income from selfemployment usually net income from Schedule C are not required to pay selfemployment taxes.
The selfemployment tax base is net earnings from selfemployment, which is less than net income from selfemployment.
The Social Security tax limit does not apply to selfemployment taxes.
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