Sch C income is subject to Medicare and Social Security tax along with the income tax. Filing the Sch C allows you to deduct the expenses associated with the income.
Self-Employment tax (Scheduled SE) is automatically generated if a person has $400 or more of net profit from self-employment. You pay 15.3% SE tax on 92.35% of your Net Profit greater than $400. The 15.3% self-employed SE Tax is to pay both the employer part and employee part of Social Security and Medicare. So you get social security credit for it when you retire.
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