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My client has w-2 income of 188k & self employed income of 22k. How do I eliminate the excess social security taxes and calculate the correct amount of medicare tax?

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Level 1
 
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Level 15

Make sure you have entered social security and Medicare wages, and social security and Medicare withholding when you enter the W-2 info.


ex-AllStar

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Level 15

Make sure you have entered social security and Medicare wages, and social security and Medicare withholding when you enter the W-2 info.


ex-AllStar

View solution in original post

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Level 15
Level 15

Make sure both the W2 and the Sch C are assigned to the same person, the software should do the work for you.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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Level 15
Level 15
not that you can tell what's really happening on the new tax forms... they've got everything spread out all over the freaking place!  :end rant:   :smile::smile:

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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