Summit Racing SUM-G2339 - Summit RacingÂ® Molded Gasket Windage Trays Compare Windage Tray, Molded Gasket, Louvered, Nylon, Black, 3.750 in. Maximum Stroke, Chrysler, Big Block, Each
You figure self-employment tax (SE tax) yourself using Schedule SE (Form 1040). Social Security and Medicare taxes of most wage earners are figured by their employers. Also you can deduct the employer-equivalent portion of your SE tax in figuring your adjusted gross income.
1 If you are self-employed, you will also need to complete Schedule SE (Form 1040) (.pdf), Self-Employment Tax, and pay self-employment tax on your net earnings from self-employment of $400 or more. 2  There is no withholding of tax from self-employment income.