Module 14: Self-Employment Income and Self-Employment Tax
Continue to review the tax forms for Nancy Ellis.
Schedule SE is used to compute the self-employment tax.
- Line 2 shows Nancy's self-employment profit from Schedule C, line 30.
- Line 12 shows Nancy's self-employment tax, $3,708.
- Line 13 shows one-half of the self-employment tax, which decreases the income that is subject to tax.
