Telegram Group & Telegram Channel
Telegram Group » United States » Freelancer » Telegram Webview » Post 95
Freelancer
👕 Self-Employment Tax Calculation

The self-employment tax owed by an individual can be calculated with this formula:

➡️ First, determine your net earnings from self-employment, which means gross income minus allowable deductions.

➡️ Then, multiply this net amount by 92.35% to account for an allowed deduction for the portion of self-employment tax paid.

➡️ From this adjusted figure, calculate 15.3% to cover both the Social Security and Medicare charges.

➡️ For earnings exceeding thresholds set by the IRS (see the table below), add the Medicare surtax of 0.9%.

💻Source

🛡Powered by V3V Ventures
Please open Telegram to view this post
VIEW IN TELEGRAM
👍3
www.tg-me.com/us/Freelancer/com.programmer/95
6.71K views



tg-me.com/programmer/95
Create:
Last Update:

👕 Self-Employment Tax Calculation

The self-employment tax owed by an individual can be calculated with this formula:

➡️ First, determine your net earnings from self-employment, which means gross income minus allowable deductions.

➡️ Then, multiply this net amount by 92.35% to account for an allowed deduction for the portion of self-employment tax paid.

➡️ From this adjusted figure, calculate 15.3% to cover both the Social Security and Medicare charges.

➡️ For earnings exceeding thresholds set by the IRS (see the table below), add the Medicare surtax of 0.9%.

💻Source

🛡Powered by V3V Ventures

BY Freelancer




Share with your friend now:
tg-me.com/programmer/95

View MORE
Open in Telegram


Freelancer Telegram | DID YOU KNOW?

Date: |

However, analysts are positive on the stock now. “We have seen a huge downside movement in the stock due to the central electricity regulatory commission’s (CERC) order that seems to be negative from 2014-15 onwards but we cannot take a linear negative view on the stock and further downside movement on the stock is unlikely. Currently stock is underpriced. Investors can bet on it for a longer horizon," said Vivek Gupta, director research at CapitalVia Global Research.

Freelancer from us


👕 Self-Employment Tax Calculation The self-employment tax owed by an individual can be calculated with this formula: ➡️ First

 Freelancer TG
Webview: 95
Freelancer.Telegram Webview
Freelancer Telegram TG Channel
Telegram Updated:
Telegram Freelancer
FROM USA