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Self employment tax calculator

Self employment tax calculator

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Self Employment Tax Calculator

If an individual has two jobs - one salaried and the second a self- employment job from the home, the Social Security tax calculation is quite complicated.

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There are huge segments of the self-employed workforce who are completely unaware of how much money they should be setting aside for self-employment taxes ...

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So, as the chart tells us, the tax is $870.00 plus 15% of the amount over $8,700. You compute that this way:

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Computing your taxes manually may be too much of a hassle for you, good thing that there are tax calculators in the Philippines that can do this job.

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Self Employment Tax Calculator will help you to calculate how much you owe the IRS. You don't need to get help from a Accountant to calcuate your Income Tax

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