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.
If your annual gross self-employment income is at least as much as the income level for your filing status, you have to send in a Form 1040 and Schedule C or Schedule C-EZ reporting your earnings. You also must file a Schedule SE to pay self-employment tax if your net earnings exceed $400. When it pays to file