As a self employed person, you have to pay both the employer and employee portion of your Social Security and Medicare taxes, known as “self employment taxes.” If you make $400 or more in self employment income, you will pay between 15.3%-16.2% in self employment tax on up to 92.35% of your income. Self Employment… The post Self Employment Tax Rates 2017 & How to Lower Your Tax Bill appeared first on Fit Small Business. from https://fitsmallbusiness.com/self-employment-tax-rates/
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AuthorHello I am Teri Crawford 26 years old living in Toronto, Canada. I have recently finished my MBA and planning to start my own business. Archives
November 2018
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