- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Self employed
If you're self-employed, you pay the combined employee and employer amount. This amount is a 12.4% Social Security tax on up to $160,200 of your net earnings to and a 2.9% Medicare tax on your entire net earnings.
You don’t have concern yourself with that. You just have to make payments that cover both income tax and self employment tax which are calculated separately by TurboTax.
March 25, 2023
7:27 PM
3,432 Views