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How to fill out a comparative income analysis worksheet mgic

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Instructions and help about form for self employment

welcome to self-employment this is lesson 2 and we are going to look at the income that you make if you are self-employed as well as the additional taxes that you might end up owing our objectives today are to understand what is self-employment income to understand and calculate self-employment tax and understand what tax forms are required to be used for self-employment income as well as the taxes associated with that so what are self-employed individuals these are individuals who are independent contractors they're not employees as somebody else so if you go out and you babysit for example you are a self-employed individual if you go around your neighborhood and you cut lawns for people shovel snow you're considered to be a self-employed individual there's obviously varying levels of self-employed individuals ranging from a babysitter all the way up to somebody who actually does run and owned a business and has their own employees we're a self-employment or self-employed income expen

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