Earned Income Calculation

[Stevo-PDX]

Can someone educate me on the proper calculation of Self-Employment Tax and earned income? Do the deductions for contributions to employees and for the self employed individual come before the calculation of the self-employment tax or after?

does anyone have a handy spreadsheet for calculating the SET & earned income when a self employed person has employees?

Thanks.

[Belgarath]

This should get you started. Once you digest this, I expect there are a bunch of websites that will give a lot of information.

http://www.irs.ustreas.gov/pub/irs-pdf/p560.pdf