Internal Revenue Service United States Department of the Treasury
Level Basic Advanced Military International

Self-Employment Tax Form 1040-SS

Summary and Exercises

Question 3 of 7

Assume that, in Question 1, Linda's gross income was $2,800, but she reports a net loss of $700. Using the nonfarm optional method, what would her net earnings be?

A $1,867
B $2,000
C $2,586
D $3,600