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PEOPLE who had low net earnings from self employment in 1975 may get social security credit if they report their earnings by an optional method, according to Robert C. Cooper, Field Representative in Rappahannock County.
“Instead of reporting their net earnings for the year,” Cooper said, “people can report twothirds of their gross earnings from self-employment for social security credit—if two-thirds is $400 or more and not more than $1,600, provided these amounts are not less than their actual net earnings.
“They can get social security credit,” he said, “if their net for the year is under $400 but their gross is $600 or more and they report their self-employment earnings by the optional method.”
Earnings reports and social security contributions should be sent with income tax returns to the Internal Revenue Service by April
■^HE optional method of reporting may be used only by people who had net self-employment earnings of $400 or more for at least two out of the three previous years. Under the law, the option may be used only five times. “But these
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