Self-employed taxpayers who also receive wages from an employer are not subject to FICA or federal withholding taxes.

Question

Quizplus · Accepted Answer

Self-employed taxpayers are still subject to self-employment taxes which include both the employer and employee portions of FICA taxes (Social Security and Medicare) and federal income tax withholding. However, they may be able to deduct a portion of these self-employment taxes on their tax return.

Self-Employed Taxpayers Who Also Receive Wages from an Employer Are