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Income Tax Planning
Chapter 3: Fundamentals of Income Tax/SELF-EMPLOYMENT TAX
Warren Academy Course SyllabusSyllabus Slides
Chapter Study Session

Chapter 3: Fundamentals of Income Tax

SELF-EMPLOYMENT TAX

01.Core Concepts

• FICA tax on earnings up to the wage base of $184,500 (2026) • Total = 15.3% • 2.9% beyond the wage base for Medicare tax* • Self-employed worker not required to pay FUTA on himself but is required to pay FICA. * Self-employed individuals must also pay the additional Medicare tax imposed by the Affordable Care Act if applicable.