Income tax, social security tax, and Medicare tax are paid on wages and self-employment income. Social security and Medicare taxes are collected under one of two systems: the Self-Employment Contributions Act (SECA), the self-employed person pays all the taxes; or the Federal Insurance Contributions Act (FICA), the employee and the employer each pay half of the social security and Medicare taxes. No earnings are subject to both systems.
Pastor Social Security
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August 18, 2014Updated On
December 19, 2017Let's Discuss…
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