Question 14 Not yet answered Points out of 4.00 Jaimee earned $150,000 as an employee....
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Question 14 Not yet answered Points out of 4.00 Jaimee earned $150,000 as an employee. She also had her own business where she earned $100,000. On how much of the income from her own business must she pay social security tax? P Flag question Select one: O a. zero b. 6.2% of $100,000 c. 12.4% of $92,350 O d. 12.4% of $100,000 O e. 6.2% of 92,350 Question 13 Not yet answered Points out of 4.00 Harrison is a lawyer and earned $1,000,000 last year. In addition he received a qualified dividend. Without knowing any additional facts, which of the following statements is true regarding the rate at which the dividend will be taxed to Harrison? P Flag question Select one: O a. The dividend will be taxed at a 20% tax rate plus the 3.8% Net Investment Income rate. b. The dividend will be taxed at a 15% tax rate plus the 3.8% Net Investment Income rate. c. The entire dividend will be taxed at either 15% or the entire dividend will be taxed at 20% depending on Harrison's marginal ordinary income tax rate plus the 3.8% Net Investment Income rate. d. None of the choices are correct


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