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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 accrued expenses of $5,000 or less, you may be eligible for the Schedule C-EZ short form.  Schedule SE: Schedule SE allows you to report your Social Security and Medicare taxes. The income or loss you calculated on Schedule C is used to calculate your self-employment taxes paid during the year.