HomeChild CareMy wife has income from child care, which now amounts to 40% of our income (all reported). We owe SS taxes?
Posted in Child Care on 30th October 2010

question by Sean L : My wife has income from child care, which now amounts to 40% of our income (all reported), we owe SS taxes .?
My wife started a child for a couple who had a baby ghost. She is now both. All income is reported as “Other income-Child Care”. . It is not technically running a business. Is the income subject to social insurance taxes as income from self-employment Best Answer:
burst

In reply Bostonian MO
Hate your bubble, but it is running a business – technical or otherwise can not call it wollen.Sie Report as other income. It must go on Schedule C together with all legitimate business expenses. If the net income more than $ 400 for the year to attach Schedule SE to the self-employment taxes berechnen.Die SE tax replaces the FICA taxes that are shared between employer and employee. It is collected at a rate of 15.3% 92.35% of net income from business or about 14.13% of net profit.


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