Category : Financial and Statistics
Archive   : AMTAX94.ZIP
Filename : SE.P94

//1ä1SCHEDULE SEò SELF-EMPLOYMENT TAXò 1994 * 17Ý(¢ 1040)ò 2OMB No. 1545-0074Ýò-OÝò =SSN:ßãC1*ßDãC2*Ýò=OÝYou MUST file ¯ SE ‹:Ý o You had net earn•s £ self-employmœ £ o“r Žan church e¯eÝò ®  $400  ¨; ORÝ o You had church e¯e ®  $108.28  ¨. Income £ s‡vic‰Ýò Ÿ p‡–m† „ a minƒt‡  memb‡  ˆligious d‡ ƒ NOT churchÝò e¯e ®. See page SE-1.ÝEXCEPTION:Ýò Š Ÿr ‚ly self-employmœ ® w„ £ earn•s „ a minƒt‡,Ýò memb‡  a ˆligious d‡,  Chrƒtian Sci…ce practiti‚‡, AND ŸÝò fil† ¢ 4361 ” ¯$d IRS approval — € be † ‚ ŽoseÝò earn•s, DO NOT file ¯ SE. Instead, write "Exempt-¢ 4361"Ýò ‚ ¢ 1040, ’ 47.ÝYou MUST › “ L‚g ¯ SE (Sec  B) ‹ any  “se apply:Ý o You ¯$d wag‰ AND “ ¯  ™  Ÿr wag‰ subject € socialÝò ¯ ” M†ic˜  railroad ˆtiˆmœ  plus Ÿr net earn•sÝò £ self-employmœ ƒ ov‡ $60,600.Ý o You elect “ "op al meŽod" € figuˆ self-employmœ ;Ý o You ˜ a minƒt‡, memb‡  a ˆligious d‡,  Chrƒtian Sci…ceÝò practiti‚‡ ” Ÿ ¯$d IRS approval — € be † ‚ ŸrÝò earn•s £ “se sourc‰, but Ÿ owe self-employmœ  ‚Ýò o“r earn•s.Ý o You had church e¯e ®  $108.28  ¨ Žat w„ ¯† ‚ W2.Ý o You had tip ® subject € social ¯ , but Ÿ did — ¯Ýò Žose tips € Ÿr e¯r;Ýò-OÝSECTION A. Sht ¯ SE (Read above € see ‹ Ÿ can › sht Sch SE.)Ýò-OÝ 1. Net prit  ¥ £ ¯ F ” farm partn‡shipsò.1.|ßEáÝò B|ò-Ý 2. Net prit  ¥ £ ¯ C; ¯ K-1 (o“r Žan |Ýò farm•);  o“r self-employmœ ®. Minƒt‡s  mem- |Ýò b‡s  a ˆligious d‡ see page SE-1 – amt € ¯ò.2.|ßEáÝò B|ò-Ý 3. Combine ’s 1 ” 2ò.'3.|ßEáÝò B|ò-Ý 4. Net earn•s £ self-employmœ. ¯  3 Œ .9235.ò |Ýò Š ª Žan $400, do — file Žƒ sch†ule; Ÿ do —ò |Ýò owe self-employmœ ò.%4.|ßEáÝò B|ò-Ý 5. Self-employmœ . Š “ « ‚ ’ 4 ƒ:ò |Ýò o $60,600  ª, multiply ’ 4 Œ 15.3% (.153);ò |Ýò o Moˆ Žan $60,600, multiply ’ 4 Œ 2.9% (.029).ò
|Ýò Th… add $7,514.40 € “ r‰ult.ò |Ýò Also ¯! Žƒ « ‚ ¢ 1040, ’ 47ò.5.|ßEáÝò 4ò-
|ò-Ý 6. D†uc  – ‚e-half  self-employmœ . |ò |Ýò ¯ ’ 5 Œ 50%. ¯ ‚ 1040/ 25ò.6.|ò |ß8áÝò=OÝF ¯instr.ò ¯ SE (¢ 1040) 1994ݯ-ðä2SCHEDULE SE (¢ 1040) 1994ò Attachmœ Sequ…ce No. 17ò Page 2Ýò-OÝò =SSN:ßãC1*ßDãC2*Ýò=OÝSECTION B. L‚g ¯ SEÝò-Oݧ I - Self-Employmœ žÝò-OÝ Š Ÿr ‚ly ® subject € self-employmœ  ƒ church e¯eÝ ®, skip ’s 1 ¯ 4b. ¯ -0- ‚ 4c, ” go € ’ 5a.ÝÝA. Š Ÿ ˜ a minƒt‡, memb‡  a ˆligious d‡,  Chrƒtian Sci…ceÝ practiti‚‡ AND Ÿ fil† ¢ 4361, but Ÿ had $400  ¨  o“rÝ earn•s subject € SE , c‚tinue wiŽ Part I ” c¡ ¬ò. [ ]ßNîáïÝò-OÝ 1. Net prit  ¥ £ ¯ F ” farm partn‡shipsò.1.|ßEîá ïÝ 2. Net prit  ¥ £ Sch† C; Sch† K1 (n‚farm);  o“r |Ýò SE ®. Minƒt‡s ” ˆligious, see page SE-2ò.2.|ßEîá
ïÝ 3. Combine ’s 1 ” ’ 2ò."3.|ßEîáïÝ 4a.Š ’ 3 ƒ ¨ Žan z‡o, multiply ’ 3 Œ .9235ò.4a.|ßEîá ïÝ b.¯ ¯ £ ’ 17 ” ’ 19ò.4b.|ßEîá
ïÝ c.Add ’s 4a ” 4b. Š und‡ $400, do — file Sch SEò |Ýò unª Ÿ had church e¯e ®ò.4c.|ßEáÝò 2ò-|ò-
Ý 5a.Church e¯e ® £ W-2ò. 5a.|ò |ò#
ß7îáïÝò 2ò-|ò-
Ý b.Line 5a tim‰ .9235. Š ª Žan $100, ¯! $0ò.5b |ßEáÝ 6. Add ’s 4c ” 5bò.)6.|ßEîáïÝ 7. Maximum « subject € social ¯ ò.7.|ßEáÝ 8a.¯ social ¯ wag‰ ” tipsò
ò-|ò-
Ýò ” railroad ˆtiˆmœ comp…sa ò.8a.|ò |ò#
ß7áÝ b.Un¯† tips subject € social ¯ò |ò-|ò#
Ýò   € RRTA ò.8b.|ò |ò#
ß7áÝò 2ò-|ò-
Ý c.Add ’s 8a ” 8bò.(8c.|ßEîáïÝ 9. ¯ ’ 8c £ ’ 7ò. 9.|ßEîáïÝ10. ¯ “ ¯  ’ 6  ’ 9 Œ 12.4%ò.
10.|ßEîáïÝ11. ¯ ’ 6 Œ 2.9%ò.$11.|ßEîáïÝ12. Self-employmœ . Add ’s 10 ” 11. ¯ “ r‰ultò |Ýò ¬ ” ‚ ¢ 1040, ’ 47ò.12.|ßEáÝò 4ò-
|ò-Ý13. D†uc  – ‚e-half  self-employmœ . |ò |Ýò ¯ ’ 12 Œ 50%. ¯ ‚ 1040/ 25..13.|ò |ß8áÝò=Oݧ II - Op al MeŽod € Figuˆ Net Earn•s (see ¯s)Ýò-OÝ14. Maximum ® – op al meŽodsò.14.|ßEîáïÝ15. Farm op al ®ò.'15.|ßEîáïÝ16. ¯ ’ 12 £ ’ 11ò.16.|ßEîáïÝ17. N‚farm op al ®ò.$17.|ßEáÝò=Oݯ-ò /¯ SE (¢ 1040) 1994ð//2ä1ôN94SCHS1*ß
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