Internal Revenue Service United States Department of the Treasury
Module 14: Self-Employment Income and the Self-Employment Tax

Page 16 of 38

Sim 14A: Using Form 1099-INT to Complete Schedule C, Schedule SE, and Form 1040


Before you submit your return, be sure you understand that

  • The tax on your taxable income is zero (Line 15, Form 1040).
  • The tax on your self-employment earnings is $234 (Line 23, Form 1040).
  • The total tax is $234, and all of it is the tax on self-employment earnings (Line 24, Form 1040).

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Simulation