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Self-Employed Income

Self-Employed Income Definition

Self-Employed Income means the income of self-employed persons, derived from owning a business or from working as an independent contractor. In the US self-employed persons pay double of the social security tax of employed persons, but they are entitled to more tax deductions. Self-Employed Income is calculated by taking the gross income and deducting business expenses.

RELATED TERMS
Self-employed
Self-Employment Tax
RELATED CATEGORIES
Earnings
Taxes







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