Example 3-5 Taylor Talbot receives wages amounting to $129,800. Their net earnings from self-employment amount to $32,800. Talbot must count $30,400 of their earnings in determining taxable self-employment income for OASDI taxes. OASDI Taxable Wage Base − Wages Received = OASDI Taxable Self−Employment Income $160,200 − $129,800 = $30,400 Ralph Henwood was paid a salary […]
Example 3-5
Taylor Talbot receives wages amounting to $129,800. Their net earnings from self-employment amount to $32,800. Talbot must