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If the current margin is greater than the desired margin,
Self-Employment Tax
The tax covering Social Security and Medicare for individuals who work for themselves, essentially the self-employed version of FICA taxes.
Schedule C
A section of the IRS Form 1040 that allows self-employed individuals to report their business income and expenses.
Form SE
A tax form used by self-employed individuals in the United States to calculate the tax due on their net earnings from self-employment.
Early Withdrawal
Withdrawing funds from a retirement account or investment before a specified age, often incurring penalties and additional taxes.
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