EDITING SE METHOD CODE 2This figure shows a partial Schedule SE with lines 1b through 17.Schedule SE has the following entries: Line 3, Combine lines 1a, 1b, and 2; 6920has been edited in red.Line 4b, If you elect one or both of the optional methods, enter the total of lines 15 and 17 here - 6920.Line 4c, Combine lines 4a and 4b. If less than $400, stop; you do not owe self-employment tax. Exception. If less than $400 and you had church employee income, enter -0- and continue - 6920.Line 6, Net earnings from self-employment. Add lines 4c and 5b - 6920.Line 7, Maximum amount of combined wages and self-employment earnings subject to social security tax or the 6.2% portion of the 7.65% railroad retirement (tier 1) tax for 2024: 168,600.Line 9, Subtract line 8d from line 7. If zero or less, enter -0- here and on line 10 and go to line 11 - 168,600.00.Line 10, Multiply the smaller of line 6 or line 9 by 12.4% (.124) - 858.Line 11, Multiply line 6 by 2.9% (.029) - 201.Line 12, Self-employment tax - 1059.Line 13, Deduction for one-half of self-employment tax - 529.Line 14, Maximum income for optional methods. - 6920Line 15, Enter the smaller of: two-thirds (2/3) of gross farm income (not less than zero) or $4,800. - 5640.00.SE Method Code 2 is edited in red in the middle of the bottom margin.There is a line of text at the bottom of the figure that reads, Do not enter lines 1a and 2 when the optional method is used.