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What taxes do you pay for self employment 2024?

Julian Allen | 2023-05-08 00:39:02 | page views：1216
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Abigail Wilson

Studied at the University of Queensland, Lives in Brisbane, Australia.
You each also pay Medicare taxes of 1.45 percent on all your wages - no limit. If you are self-employed, your Social Security tax rate is 12.4 percent and your Medicare tax is 2.9 percent on those same amounts of earnings but you are able to deduct the employer portion.
2023-05-17 00:39:02
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Caleb Wright

QuesHub.com delivers expert answers and knowledge to you.
You each also pay Medicare taxes of 1.45 percent on all your wages - no limit. If you are self-employed, your Social Security tax rate is 12.4 percent and your Medicare tax is 2.9 percent on those same amounts of earnings but you are able to deduct the employer portion.
How much self-employment tax will I pay? - CalcXML
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