Discussion Question $13-10($LO$.6)$

Complete the statements below regarding self$-$employed individuals and the self$-$employment tax for $2023.$

Individuals with net earnings of $ $$ or more from self$-$employment are subject to the self$-$employment tax. The self$-$employment tax for $2023$ applies at a rate of $\%$ of self$-$employment income up to $ $$

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The tax on self$-$employment income is levied to provide Social Security and Medicare benefits $($olc and hospital insurance$)$ for self$-$employed individuals.