Yes that is right. You have to reduce it by 1/2 of the SE tax. I worked it out. The 11,628 is right.
12,512 x .9235 = 11,554.83
11,554.83 x 15.3% = 1,767.89 SE tax ÷ 2 = 883.94
Then... 12,512 - 883.94 = 11,628
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