Magill
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If you have a straight 6% profit sharing plan with 5.7% on wages above social security wage base what is the formula. I do not know if my formula is wrong or my procedure for checking after calculation is wrong. Anyone run into this scenario.
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Does anyone have the formula for a self employment integrated contribution calculation. My formula is not working correctly with the check and I am not sure if it’s the way I am checking it that is the issue.