Self Employment Tax Explained | CPA Exam Regulation | Income Tax Course |
Channel: Farhat Lectures. The # 1 CPA & Accounting Courses
Date: 2020-02-13

In this video, I explain the self employment tax. The self employment tax rate is 15.3%. The rate consists of two parts: 12.4% for social security  and 2.9% for Medicare. You usually must pay self employment tax if you had net earnings from self-employment of $400 or more.

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