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Business & farm
by the way if your LLC has not elected S-Corp status, technically you are not an employee of your own unincorporated business. the wages you earn with the law firm will reduce the fica taxes yo pay on your LLC's net earnings. there is no limit for compensation (wages and self employment income) subject to medicare taxes. FiCa is imposed on a maximum of $132,900 of the total of fica wages and self employment income.
‎January 6, 2020
12:26 PM