Self-Employment

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Self-Employment

The state of owning a business or working as an independent contractor. In the United States, self-employed persons pay double the social security tax of employed persons, but are entitled to more tax deductions. One calculates self-employed income by taking one's gross income and deducting all business expenses. For example, a self-employed person working from home may deduct a certain percentage of his/her rent or mortgage and not pay taxes on that portion of his/her income. Self-employed income is reported to the IRS on Schedule C of the 1040 Form.
References in periodicals archive ?
The ratio of repayment of loans under Chief Minister's Self Employment Scheme is hundred percent fair.
Since the start of the year there has been some reports published which have suggested that the rise in self employment hasn't been great for the North East economy.
The Self Employment Expo on May 24, 2014 is the only event of its kind.
Ideally, a self-employed individual should be considered to have failed in self-employment if the difference in the present values of income streams between self-employment and the opportunity cost of self employment is negative.
The Quarterly Indicators showed growth in domestic product for the fourth consecutive quarter, spurred by increases in private fixed investment and exports, while the Self-Employment study shows that early exposure to self employment raises the chance of self employment later in life.
Among the various employment statuses, self employment has attained a big deal of attention presently.
During the 1990s, self employment grew faster than civilian employment as a whole in most OECD countries.
7 economy", increasing part-time work, shift work) materialise in a specific way in the self employment of women from a migrant community in one particular location' (p.
Theory suggests, most generally, that friends, family members, and entrepreneurial acquaintances may provide social support potentially valuable to the self employment decision.
More and more of the labour force is moving into self employment, or is being moved by economic factors.

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