Multiply your tax base by the self-employed tax rate: $46,175 x 15.3% (0.153) = $7,064.78. There’s no additional Medicare tax because your net earnings fall under $200,000.

Self-employment taxes are similar to FICA taxes, which W-2 workers split with their employers. You’ll be responsible for the entire amount, but you can deduct half the tax on Schedule 1, Line 15 ...

The self-employment tax is 15.3%, which is 12.4% for Social Security and 2.9% for Medicare. Generally, it applies to self-employment earnings of $400 or more.

Self-employed people who make less than $400 from self-employment don't have to pay any tax. Others must file a tax return and pay the tax, even if their total income would otherwise leave them ...

Self-employment tax consists of two parts -- Social Security and Medicare taxes. Here's how your self-employment tax will be determined in 2017, as well as a calculator that can simplify the ...

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Self-employment tax consists of two parts -- Social Security and Medicare taxes. Here's how your self-employment tax will be determined in 2017, as well as a calculator that can simplify the ...