Self-employment taxes, Are not imposed if self-employment income is less than $1

ID: 2600274 • Letter: S

Question

Self-employment taxes,

Are not imposed if self-employment income is less than $1,000.

Are imposed on all self-employment income regardless of the amount of wages earned.

Result in a deduction for adjusted gross income equal to one-half of the self-employment taxes.

Are limited to 2.90 percent of $106,800 for 2010 for the Medicare portion.

Are not imposed if self-employment income is less than $1,000.

Are imposed on all self-employment income regardless of the amount of wages earned.

Result in a deduction for adjusted gross income equal to one-half of the self-employment taxes.

Are limited to 2.90 percent of $106,800 for 2010 for the Medicare portion.

Self-employment taxes,Result in a deduction for adjusted gross income equal to one-half of the self-employment taxes. Option C is correct

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