Calculate SE tax (15.3% on net self-employment income up to $168,600 FICA wage base; 2.9% Medicare above). Includes the 50% SE tax deduction against income tax.
Enter the values for the scenario you are assessing. Calculate SE tax (15.3% on net self-employment income up to $168,600 FICA wage base; 2.9% Medicare above). Includes the 50% SE tax deduction against income tax. Use the self-employment tax result to inform your calculation.