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Get your taxes done using TurboTax
It depends. If you are referencing a W-2, then you will see this in box 6. If you want to know the amount of medicare tax on self employment net profit see the formula below.
- Calculate Self-employment tax (net profit x .9235 x .153 = SE tax) - This is both social security (12.4%) and medicare (2.9%) tax.
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‎February 22, 2025
8:07 AM