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Form 1040 (Schedule H) El Cajon California: What You Should Know
If you are not sure if you are eligible for the social security and Medicare taxes, you can use the online tool found at . In this free online tool, you enter your information, and get a determination of your eligibility from the system. Example I am an independent contractor for a software company in El Cajon, California. My wife is employed by the company. I am the sole proprietor of my own private business. I work with three others to maintain the software project and pay employees. In our company, I am paid 30/hour (7x pay intervals). I am making more than 130,000 a year (the standard amount for our business). I pay no social security taxes (10.6% withholding from wage) because my wife is self-employed. (I did not pay any Medicare taxes from my income and self-employed taxes from my business). Example I have worked as a freelance writer in San Diego for the last 18 years. I make 30/hr. I have received no social security or Medicare taxes from my income and self-employed income. I am also not an employee. Example II My parents, and I own a home in El Cajon, California. We live there and are tenants. Both of us own boats. Both of us make 20,000/year, and we pay no social security. We also own three boats to entertain guests for about 3000/year. We also own a yacht to cruise on the Baja California Peninsula for about 4500/year. I pay 2,500/yr in homeowner's insurance. The insurance covers me, my parents, and our boat (3). We also pay 1,000 annually as business insurance (5).
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