JamesG1
Employee Tax Expert

Get your taxes done using TurboTax

I am unsure which number you are asking about.  Please clarify.

 

Self-employment income is assessed a self-employment tax.  IRS Form 1040 Schedule SE lists tax rates of 12.4% (line 10) and 2.9% (line 11) = 15.3%.

 

$850 x 15.3% = $130

$405 x 15.3% = $62

 

Self-employment income is subject to self-employment tax, then to your individual income tax rate.

 

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