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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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‎April 15, 2021
12:53 PM