Self Employment Tax Explained CPA Exam Regulation Income Tax Course

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In this video, I explain the self employment tax. The self employment tax rate is 15.3%. The rate consists of two parts: 12.4% for social security and 2.9% for Medicare. You usually must pay self employment tax if you had net earnings from self-employment of $400 or more. • ✔️Accounting students and CPA Exam candidates, check my website for additional resources: https://farhatlectures.com/ • 📧Connect with me on social media: https://linktr.ee/farhatlectures • #cpaexam #selfemploymenttax #cpareview

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