Topical Terminology > Self Employment Tax
Self Employment Tax
For Self Employment Tax we have terms and definitions in 2 topics. The topics are Accounting and Accounting Terms.
Self Employment Tax (Accounting) 
Most individuals that are in business for themselves, such as SOLE PROPRIETORS, PARTNERS or independent contractor, are subject to self employment taxes. The taxes provide coverage for the self employed individual for social security (OASDI) and Medicare benefits (HI) similar to the taxes withheld by employers from wages it pays the employees.
See more Accounting Terms ...
Self Employment Tax (Accounting Terms)
Most individuals that are in business for themselves, such as SOLE PROPRIETORS, PARTNERS or independent contractor, are subject to self employment taxes. The taxes provide coverage for the self employed individual for social security (OASDI) and Medicare benefits (HI) similar to the taxes withheld by employers from wages it pays the employees.
See more Accounting Terms Terms ...
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