is an s corp right for you
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is an s corp right for you Feb 23, 2022Is an S-Corporation right for you?
Self-employment tax for tax year 2021 is 15.3% and is comprised of two components, social security (12.4%) and Medicare (2.9%). In short, the IRC (Internal Revenue Code) essentially deems all payments made to shareholders of an S corporation as wages that are subject to…
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