Multiple Choice
The ceiling amounts and percentages for 2017 for the two portions of the self-employment tax are:
Social Security portion Medicare portion
A) $127,200; 12.4% Unlimited; 2.9%
B) $127,200; 15.3% Unlimited; 2.9%
C) $118,500; 12.4% Unlimited; 2.9%
D) $118,500; 2.9% Unlimited; 13.3%
Correct Answer:
Verified
Correct Answer:
Verified
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