What SELF-EMPLOYED INDIVIDUALS means: Taxpayers who work for themselves. They decide when, how, and where to work, obtain their own jobs or sales, pay their own expenses, and receive social security and Medicare coverage through payment of self-employment tax.
- Definition Student Loan Interest Deduction:
- Dictionary income for interest paid during the year on qualified higher-education loans. The deduction may be limited if income exceeds a specified amount. See http://www.hrblock.com/taxes/tax_calculators/rate self-employed individuals definition.
- Definition Social Security Wages:
- Dictionary Total wages paid to an employee that are subject to this tax. This amount does not include tips. Wages are also subject to Medicare tax self-employed individuals explain.
- Definition Safe Harbor:
- Dictionary that allow a (usually) simpler method of determining a tax consequence than is available following the precise language of the Code or regulations. An example is the simplified method for determining self-employed individuals what is.
- Definition Self-Employment Tax:
- Dictionary Self-employment tax is social security/medicare tax paid by self-employed individuals. See our Social Securty Wages and Earnings Base rate table for the current income base self-employed individuals meaning.
How works Self-Employed Individuals meaning in Tax definitions S .
