Page 16 - 2020 Taxes Quick Guide
P. 16
Self-Employment Tax
$137,700 of self-
0.9% Medicare surtax is employment income
applied to self-employment for OASDI
income in excess of $200,000 (maximum OASDI
15.3% (12.4% OASDI (single), $250,000 (married
tax plus 2.9% filing income jointly) or tax of $17,074.80; no
Medicare Tax). ceiling on Medicare
$125,000 (married filing tax).
separately).
Tax rate Surtax Wage base
