Question: 1. For 2016, the maximum base amount for computing the Medicare portion of the self-employment tax is $150,000. True False 2. When taxpayers overpay Social

1. For 2016, the maximum base amount for computing the Medicare portion of the self-employment tax is $150,000.

True

False

2. When taxpayers overpay Social Security taxes, the excess taxes may be claimed as a credit against their income tax liability.

True

False

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