Self-Employment Tax Form 1040-SS
Summary and Exercises
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Question 4 of 7
Which of these is not a test that must be met to use the nonfarm optional method?
Net nonfarm profits must be less than $7,840 and less than 72.189% of gross nonfarm income
Taxpayer has paid all required estimated payments throughout the tax year
Net earnings from nonfarm self-employment are $400 or more in at least two of the three years before the year this method is used
Taxpayer has not used the nonfarm optional method in more than four previous years
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Intake and Interview Process — Self-Employment
Self-Employment Tax
Overview
Social Security and Medicare
Social Security Benefits
Who Must Pay?
Methods for Computing Self-Employment Tax
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Estimated Tax Payments
Estimated Tax
Topic Activity
Summary and Exercises
Summary
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