If You Are Self-Employed - Social Security Administration
tax on all earnings. 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 $147,000 of your net earnings and a 2.9% Medicare tax on your entire net earnings. If your earned income is more than $200,000 ($250,000 for married couples filing jointly), you must
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