Self-Employment Contributions Act

GPTKB entity

Predicate	Object
gptkbp:instanceOf	gptkb:United_States_federal_law
gptkbp:abbreviation	gptkb:SECA
gptkbp:administeredBy	gptkb:Internal_Revenue_Service
gptkbp:appliesTo	independent contractors self-employed individuals sole proprietors partners in a partnership
gptkbp:codifiedIn	gptkb:Internal_Revenue_Code gptkb:26_U.S.C._Chapter_2
gptkbp:dateEnacted	1954
gptkbp:enactedBy	gptkb:United_States_Congress
gptkbp:excludes	certain nonresident aliens certain religious groups
gptkbp:form	gptkb:Schedule_SE_(Form_1040)
gptkbp:maximumSocialSecurityEarningsAsOf2023	$160,200
gptkbp:MedicareEarningsLimit	no limit
gptkbp:MedicareRate	2.9%
gptkbp:purpose	to impose Social Security and Medicare taxes on self-employed individuals
gptkbp:rateAsOf2023	15.3%
gptkbp:relatedTo	gptkb:Social_Security_Act gptkb:Federal_Insurance_Contributions_Act gptkb:Medicare_Program
gptkbp:SocialSecurityRate	12.4%
gptkbp:taxStatus	gptkb:Medicare gptkb:payroll_tax Social Security
gptkbp:bfsParent	gptkb:Old-Age,_Survivors,_and_Disability_Insurance
gptkbp:bfsLayer	5
https://www.w3.org/2000/01/rdf-schema#label	Self-Employment Contributions Act