Sorry, @doninGA I don't understand. I understand the tax total is based on all the income I entered. My question is whether the tax liability is just income tax liability, or if it includes self-employment tax (SS and Medicare) liability.
To take a way over-simplified example (ignoring deductions, etc., but just to make my question clearer), let's say I enter $100,000 in income, and it will all be taxed at 22% income tax bracket, plus there's the 15.3% self-employment tax. Would TurboTax say my tax liability is $22,000 (.22 x 100,000) or $37,300 ($22,000 + .153x100,000)? I assume my quarterly payments need to include self-employment tax, so I want to make sure TurboTax is including that in its tax estimate.
Thanks!
