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SOMERSET, NJ March 23, 2012, RENEW W S SE EM MI IN NA AR R! ! Sponsored by: 325 Beecher Road P.O. Box 1247 Gaylord, MI 49734 Children With Autism: Establishing Foundational Skills For Early Conversations
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Se em stands for Self Employment tax. It is a tax that self-employed individuals are required to pay on their income.
Self-employed individuals, such as freelancers, independent contractors, and small business owners, are required to file se em.
To fill out se em, self-employed individuals must use Schedule SE (Form 1040) and follow the instructions provided by the IRS.
The purpose of se em is to fund the social security and Medicare programs, as self-employed individuals do not have an employer to withhold these taxes from their paychecks.
On se em, self-employed individuals must report their net earnings from self-employment, calculate the tax due, and report any deductions or credits they are eligible for.
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