Examlex
Every NIC is embedded with a unique address that consists of a 12-digit hexadecimal value. What is this address called?
Self-Employment Tax
This is a charge including Social Security and Medicare dues, principally aimed at those working independently.
Form 1040
Form 1040 is the U.S. federal income tax form used by individuals to file their annual income tax returns with the Internal Revenue Service (IRS).
Schedule SE
The tax form used by self-employed individuals to calculate the taxes owed on net earnings from self-employment.
Deductible Expenses
Expenses that can be subtracted from gross income to reduce taxable income, including certain business, charitable, educational, and medical expenses.
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