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Pay Stubs Freelance Tax Calculator: Everything You Need to Know
A rate of 15.3% applies to all or any your self-employment net earnings. Net earnings are the monies you've got after deducting capital or stock, in other words, profit. The 15.3% rate may be a total... moreFreelance Tax Calculator: Everything You Need to Know
A rate of 15.3% applies to all or any your self-employment net earnings. Net earnings are the monies you've got after deducting capital or stock, in other words, profit. The 15.3% rate may be a total of two. 9% Medicare tax and 12.4% Social Security tax on net earnings.
Freelancers, small business owners, and independent contractors are obliged to pay self-employment tax. Self-employment tax incorporates Medicare and social