Solutions for the Affordable Housing Industry. than 40,000 vouchers. âHousing Choice Voucher Program. CVR has become an industry leader for the Housing Choice Voucher Program by offering sound technical guidance and unique solutions for each of our clients. Whether your agency needs consulting services, short-term support or comprehensive management, CVR will find the right answer to meet your needs. Our professionals have a strong track record of implementing program initiatives that are effective, innovative, and compliant with all regulations.
For self-employment income earned in 2013 and 2014, the self-employment tax rate is 15.3%. The rate consists of two parts: 12.4% for social security (old-age, survivors, and disability insurance) and 2.9% for Medicare (hospital insurance).
If you're employed, your employer pays for part of your Social Security and Medicare taxes, but as your own boss, you pay it all. In 2013, the IRS reports the rate is 12.4 percent for Social Security and 2.9 percent for Medicare, making a total of 15.3 percent self-employment tax. Since the IRS requires taxes to be paid at the time the income is earned, you may be subject to a penalty if you do not pay enough by the due date each quarter.