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  • 2011 Schedule Se

Get 2011 Schedule Se

Income (as shown on Form 1040) See 2011 separate instructions. Attachment Sequence No. 17 Social security number of person with self-employment income Before you begin: To determine if you must file Schedule SE, see the instructions. May I Use Short Schedule SE or Must I Use Long Schedule SE? Note. Use this flowchart only if you must file Schedule SE. If unsure, see Who Must File Schedule SE in the instructions. Did you receive wages or tips in 2011? Yes No Are you.

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You can find this information on the Form W-2s your employer provided you. Lines 9-10 calculates how much Social Security tax you owe. Line 11 calculates how much Medicare tax you owe.

Use Schedule SE (Form 1040) to figure the tax due on net earnings from self-employment. The Social Security Administration uses the information from Schedule SE to figure your benefits under the social security program.

You should file estimated tax payments on Form 1040-ES. Where is Schedule SE reported on Form 1040? Your final Schedule SE figure goes to your Form 1040 Schedule 2, Line 4.

Self-Employment Taxes The net income information on Schedule C is used to determine the amount of self-employment tax you owe for Social Security and Medicare taxes. Schedule SE is used to calculate the self-employment tax amount.

Line 10: Calculate your Social Security tax by multiplying your income by 12.4%. Line 11: Calculate your Medicare tax by multiplying your income by 2.9%. Line 12: Add lines 10 and 11, and this is your self-employment tax. Line 13: Multiply your self-employment tax by 50%, and you can deduct that on Form 1040.

You will file the form annually with your individual income tax return (Form 1040). When you file Form 1040, you will attach your completed Schedule SE to it. You also need to copy some information from Schedule SE onto your Form 1040. Form 1040 is due on April 15, meaning your attached Schedule SE is also due by then.

Line 7 states the maximum amount you can pay Social Security tax on, $142,800. This will be used for calculations in Lines 9-10. Lines 8a-d are where you'll record any earnings from a job you already paid Social Security tax on (like wages or salary).

Self-Employment Taxes The net income information on Schedule C is used to determine the amount of self-employment tax you owe for Social Security and Medicare taxes. Schedule SE is used to calculate the self-employment tax amount.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232