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Self-Employment Tax ( a social security and Medicare tax )
Self-employment tax is a social security and Medicare tax for individuals who work for themselves, similar to social security and Medicare taxes withheld from the pay of wage earners.

Social security benefits are available to self-employed persons just as they are to wage earners.

Like federal income tax, self-employment taxes are paid through quarterly estimated tax payments.

That's alot to digest.

For more tax information, you wish to take a look at the IRS website:
http://www.irs.gov

Thanks for taking the time to read my business blog.
Suzie
Posted: Wednesday 25th 12:43 AM
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