
net taxable income of a selfemployed individual. The income is reported on Schedule C of Form 1040. If there is more than one business, self-employment income is the total earnings of all businesses. A loss in one business is deductible from the profits of another. A self-employed individual pays a higher social security tax than a regular employee.
Industry Associations
Trickle Up Program
Strives to create new opportunities for self-employment and economic and social well-being among the low-income populations of the world. Assists qualified groups of individuals in establishing profit-making microbusinesses by providing ...
Founded: 1979