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Pub Taxation Self Employment Form

Pub Taxation Self Employment Form

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Video instructions and help with filling out and completing Pub Taxation Self Employment Form

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Instructions and help about 2012 taxation through self employment

in this video we're going to talk about how to calculate your self-employment tax but before we do if this is your first time at our Channel or you haven't subscribed click on the Subscribe button at the bottom my name is Travis sickle certified financial planner helping you reach your financial goals [Applause] [Music] [Applause] so self-employment tax is your payroll tax also known as FICA and FICA is your federal Insurance contributions act and these are the payments the payroll payments that you're making to pay for Social Security and Medicare now they can further be broken down into the employer side and the employee side so as somebody who is self-employed you're going to pay both sides because you're both the employee and the employer now before we do the calculation I want to break it down just so you can see how all the numbers add up so we're going to start with Social Security and Medicare so the Social Security side is going

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