how tocalculate self employment taxes?

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how tocalculate self employment taxes?

How do you calculate the federal self employment taxes ?

2006-07-07 12:12:03 · 2 answers · asked by pooh bear 4 in Business & Finance ➔ Taxes ➔ United States

2 answers

15.3% of net income. You can claim an adjustment to income of 1/2 of this amount.

2006-07-07 16:54:20 · answer #1 · answered by Judy 7 · 0⤊ 0⤋

call the wage and hour board and ask them to send you information...in the meatime, set aside at least 20% of your income...you should be paying taxes quarterly.

2006-07-07 19:18:55 · answer #2 · answered by MzKittyakaGayle 1 · 0⤊ 0⤋