Among the basic taxes that people need to pay, FICA is one of the most common. FICA stands for Federal Insurance Contributions Tax, and it consists of Social Security and Medicare tax. To determine ...

When you process payroll, not only are your employees subject to tax withholding, but your business must pay employer contributions to Social Security, unemployment insurance and Medicare. Most ...

(Updated April 15, 2020: The SBA has provided additional guidance on how individuals with self-employment income who file a Schedule C, with and without employee. If you would like additional ...

Self-employment tax is a mix of Social Security and Medicare taxes. Use our calculator to estimate what you owe. Many, or all, of the products featured on this page are from our advertising partners ...