Question

问题 102 分

What is the self-employment tax rate that is applied to earnings that exceed $127,200 in a single year?

1.45%

12.4%

15.3%

2.9%

标记此问题

问题 112 分

FUTA tax payments must be made at the end of a quarter when the total tax owed exceeds what amount?

$7,000

$117,000

$500

$400

标记此问题

问题 122 分

If an employee has $43.50 withheld for regular Medicare tax, then (in addition to this amount) the employer must also remit _____ for its portion of Medicare taxes.

$21.75

87.00

$0

$43.50

标记此问题

问题 132 分

How much FUTA tax would an employer in a non-credit-reduction state owe if an employee has earned $6,400 to date and has current period taxable pay of $1,500?

$90.00

$36.00

$3.60

$9.00

Answer 1

For 2017, the first $127,200 of your combined wages, tips, and net earnings is subject to any combination of the Social Security part of self-employment tax, Social Security tax, or railroad retirement (tier 1) tax. The amount increased to $128,400 for 2018. (For SE tax rates for a prior year, refer to the Schedule SE for that year).

All your combined wages, tips, and net earnings in the current year are subject to any combination of the 2.9% Medicare part of Self-Employment tax, Social Security tax, or railroad retirement (tier 1) tax.

If your wages and tips are subject to either social security tax or the Tier 1 part of railroad retirement tax, or both, and total at least $127,200, do not pay the 12.4% social security part of the SE tax on any of your net earnings. However, you must pay the 2.9% Medicare part of the SE tax on all of your net earnings.