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‘She was just a dear, dear friend

Alternatively, your employer is responsible for paying the other half (Social Security 6.2% and Medicare 1.45%). Because you are considered both the employee and the employer, then it is considered the responsibility of the self employed individual to pay the combined tax rate of 15.3%.How to Compute Self Employment TaxKnowing how to compute self employment […]

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Alternatively, your employer is responsible for paying the other half (Social Security 6.2% and Medicare 1.45%). Because you are considered both the employee and the employer, then it is considered the responsibility of the self employed individual to pay the combined tax rate of 15.3%.How to Compute Self Employment TaxKnowing how to compute self employment taxes will take the anxiety out of paying the IRS. All self employed individuals are responsible for paying self employment taxes on net earnings of $400 or more.

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