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Thank you for your question. In order to determine if your SE tax is accurate, you take the net profit from your Schedule C on line 31 and multiply that number by 92.35%. Take that number by 13.3% and that is the SE tax that should be reported on line 56 of your 1040.
If you need additional clarification, please let me know. I look forward to your response. Stephanie
I will get my returns and get check...thanks
You are very welcome!