NY Const - Justice4NY
The respondent’s form 1040 reflects gross business earnings in the amount of $81,608.00. Respondent’s net profit after deduction for business expenses was reflected on his Federal Form 1040 as $20,394.00. For a self-employed individual, the applicable Medicare tax is one-half of 2.9% or 1.5%, without an income ceiling. ... ................
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