This video covers 4 example problems from Dalton Education from pages 118, 119 and 120. They all deal with Self-Employment Individual Tax and Plan Contributions. Some key terms: Net Earnings Subject To Self-Employment Tax, Contribution Rate, Self-Employment Individual’s Contribution, Adjusted Net Self-Employment Earnings or Income, Self-Employment Contribution Rate, 92.35%, Maximum Contribution to SEP, Salary Contribution….(read more)
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