jennysquare
Member
Cash: $ 2.35
Posts: 10
Joined: 02 Apr 2010
Location: New York
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| Do I need to pay Social Security tax? |
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If your net income from the business is $xxx or more, you must pay self-employment tax, which is the Social Security tax for a self-employed individual. The good news is one-half of your self-employment tax is deductible from your adjusted gross income.
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