Self employed

How much is the Net Profit on your Schedule C?  You might be seeing 1/2 of the SE tax that is used for other things.  

 

Self Employment tax (Scheduled SE) is automatically generated if a person has $400 or more of net profit from self-employment. You pay 15.3% SE tax on 92.35% of your Net Profit (If it is greater than $400). 

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