"Net self-employment income from Schedule C $2700."
What matters is Net Profit on Schedule C line 31. From that you must subtract the deductible portion of self-employment taxes. For your compensation to be more than your W-2 wages, line 31 must be greater than zero.
Also, if you have a Schedule F, or another Schedule C, you must sum the net profit from all of them.
If you are married filing jointly, make sure that the Schedule C is marked as applying to the correct spouse.
