The amount of social security taxes self-employed individuals must pay is equal to the combined employer-employee amount.

Question

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Self-employed individuals must pay both the employer and employee portion of the social security tax, which is currently 12.4% of their net earnings (up to a certain limit). This is equal to the combined amount paid by both the employer and employee in a traditional employer-employee relationship.

The Amount of Social Security Taxes Self-Employed Individuals Must Pay