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

Self-Employment Tax Form 1040-SS

Summary and Exercises

Question 2 of 7

Assume that in Question 1, Linda's actual net profit for 2023 was $8,000 and her gross income was $10,200, which method could she use to calculate her self-employment tax?

Either the regular method or the nonfarm optional method
Nonfarm optional method
Regular method