Q describe about self-employment taxself-employment tax -, Ask an Expert

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Q. Describe about Self-Employment Tax?

Self-Employment Tax - Most individuals who are in business for themselves, like PARTNERS, SOLE PROPRIETORS or independent contractor are subject to self-employment taxes. Taxes provide coverage for the self-employed individual for social security (OASDI) and Medicare benefits (HI) similar to taxes withheld by employers from wages it pays employees.

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Financial Management, Finance

Category:- Financial Management
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