//1±Σ1▌SCHEDULE SE≥ SOCIAL SECURITY SELF-EMPLOYMENT TAX≥
1989 * 18▌(Form 1040)≥ 2OMB No. 1545-0074▌≥-O▌≥ =SSN:▀πC1*▀DπC2*▌≥=O▌You MUST file Schedule SE if:▌ o Your net earnings from self-employment were $400 or more (or you had wages▌ of $100 or more from an electing church or church-controlled organization.)▌ o AND, your wages were less than $48,000.▌▌EXCEPTION:▌ If your only self-employment income was as a minister, member of a▌ religious order, or Christian Science practitioner, AND you filed▌ Form 4361, DO NOT file Schedule SE. Instead, write "Exempt-Form 4361"▌ on Form 1040, line 48.▌▌You MUST use the long Schedule SE (Section B) if any of these apply:▌▌ o You choose the "optional method" to figure self-employment tax;▌ o You are a minister and are not taxed on minister earnings, but you owe▌≥ self-employment tax on other earnings;▌ o You are an employer of a church or organization that chose by law not to▌≥ pay employer social security taxes;▌ o You have tip income subject to social security tax, but you did not report▌≥ those tips to your employer;▌ o You are a government employee with wages subject ONLY to the 1.45%▌≥ medicare part of the social security tax.▌▌≥-O▌SECTION A. Short Schedule SE▌≥ (Read above to see if you must use long Schedule SE)▌≥-O▌≥ B|▌ 1. Net farm profit or loss≥.%1.|▀Eß▌≥ B|≥- ▌ 2. Net non-farm profit or loss≥.!2.|▀Eß▌≥ B|≥- ▌ 3. Add lines 1 and 2. If less than $400, do not file this≥ |▌ schedule; you do not owe self-employment tax≥.3.|▀Eß▌≥ B|≥- ▌ 4. The largest amount subject to social security tax≥. 4.|▀Eß▌≥ B|≥- ▌ 5. Total social security wages and tips from Forms W-2 and≥ |▌ railroad retirement compensations (tier 1)≥.5.|▀Eß▌≥ B|≥- ▌ 6. Subtract line 5 from line 4. If the result is zero or less, |▌ stop here; you do not owe self-employment tax≥.6.|▀Eß▌≥ B|≥- ▌ 7. Enter the smaller of line 3 or line 6≥.7.|▀Eß▌≥ B|≥- ▌ 8. Rate of tax≥.18.| x .1302▌≥ B|≥- ▌ 9. Self-employment tax. If line 7 is $48,000 enter $6,249.60. |▌ Otherwise, multiply line 7 by line 8 and enter the result. |▌ Also enter this amount on Form 1040, line 48≥.9.|▀Eß ▌≥=O▌For Paperwork Reduction Act Notice, see instr.≥ Schedule SE (Form 1040) 1989▌AM Software H838≡//2±Σ1▌▌▀SE-1▌▌▌▌▌▌▀πC1*▀DπC2*▌▌▌▌▌▌▌▌▌▌▌▌▌▌▌▌▌▌▌▌▌▌▌▌▌▌▌▌▌▀Eß▌▌▌▀Eß▌▌▌▀Eß▌▌▌▌▌▀Eß▌▌▌▀Eß▌▌▀Eß▌▌▌▌▌▀Eß ≡
