keke6361
keke6361
23.10.2019 • 
Business

For taxpayers who receive both salary as an employee and self-employment income as an independent contractor in the same year, which of the following statements regarding fica and self-employmenttaxes is most accurate? a. the social security limit applies to the salary but not to the self-employment income.b. the social security limit applies to the self-employment income but not to the salary.c.salary is first applied against the social security limit and then self-employment income is appliedagainst the social security limit.d.self-employment income is first applied against the social security limit and then salary is appliedagainst the so

Solved
Show answers

Ask an AI advisor a question