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How do you calculate self employment tax 2024?

Ethan Clark | 2023-05-08 00:39:52 | page views:1342
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Owen Martinez

Works at FinTech Innovations, Lives in Frankfurt, Germany.
The tax is calculated as 15.3% of your net earnings from self-employment (or 2.9% for amounts beyond the annual maximum amount subject to Social Security tax). Business deductions (sometimes called Schedule C deductions) are more valuable than either above the line or below the line deductions.
2023-05-16 00:39:52

Felix Martin

QuesHub.com delivers expert answers and knowledge to you.
The tax is calculated as 15.3% of your net earnings from self-employment (or 2.9% for amounts beyond the annual maximum amount subject to Social Security tax). Business deductions (sometimes called Schedule C deductions) are more valuable than either above the line or below the line deductions.
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