The maximum tax bases and percentages for 2018 for the two portions of the self-employment tax are

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The maximum tax bases and percentages for 2018 for the two portions of the self-employment tax are which of the following?


           Social Security                       Medicare 

a.        128,400; 12.4%                      Unlimited; 2.9%.

b.        128,400; 12.4%                      Unlimited; 15.3%.

c.        127,200; 12.4%                      Unlimited; 2.9%.

d.        127,200; 15.3%                      Unlimited; 15.3%.

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Related Book For  answer-question

Fundamentals Of Taxation 2019

ISBN: 9781260158670

12th Edition

Authors: Ana M. Cruz Dr., Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone

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