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Medicare taxes are split 50/50 between an employee and an employer. Medicare is taxed at 2.9 percent, or 1.45 percent each for the employee and employer. Those who are self employed
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You must file a tax return if you had net earnings from self-employment of $400 or more. This is your total self-employment income less the expenses paid in operating your trade or
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Earned income is wages, salaries, tips and income received from self-employment. Unearned income is distributions from retirement and 401k plans, investment income, Social Security,
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