Self-employment tax applies to which of the following?
  1. Individuals who report only interest and dividend income
  2. Corporations that report less than $50,000 in gross receipts
  3. Independent contractors reporting net earnings from self-employment of $100
  4. Independent Contractors reporting net earnings from self-employment of $400 or
    more
Explanation
Answer: D - Independent Contractors reporting net earnings from self-employment of $400 or more.
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