Self Employed Contributions Act Tax (SECA Tax)
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Self Employed Contributions Act Tax (SECA Tax),
Definition of Self Employed Contributions Act Tax (SECA Tax):
A tax imposed on small business owners to cover their Social Security, Medicare and Old Age Survivors and Disability Insurance. The tax is 15.3% of the net income from self-employment but one half of the SECA tax amount is deductible as a business expense.
Meaning of Self Employed Contributions Act Tax (SECA Tax) & Self Employed Contributions Act Tax (SECA Tax) Definition
