Calculate the self-employment tax (SE tax) you owe on net earnings from self-employment. This covers your Social Security and Medicare obligations as both employer and employee, and shows the deductible portion.
Self-employed individuals pay both the employer and employee share of FICA taxes, totaling 15.3%. The taxable base is 92.35% of net earnings (to simulate the employer deduction). An additional 0.9% Medicare surtax applies above $200,000 (single) or $250,000 (married filing jointly). Half of SE tax is deductible on your income tax return.
Estimate your total income tax based on gross income and deductions.
Compute take-home pay from gross salary with all withholdings.
Estimate tax on investment profits using short-term or long-term rates.
Add or remove VAT from any price with a reverse-calculation option.
Compute GST-inclusive or GST-exclusive prices with intra-state splits.
Estimate annual property tax from assessed value and millage rate.
