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  • 2003 Form Tm, Tri-county Metropolitan Transport District Self-employment Tax 150-555-001

Get 2003 Form Tm, Tri-county Metropolitan Transport District Self-employment Tax 150-555-001

R 03 Fiscal Year Mo Ending: / Day / Year First name and initial Last name (if an individual filing) Payment 1 2 If you have previously filed a return, indicate if: Name change Address change Social Security number (SSN) Partnership name (if a partnership filing) Federal employer identification number (FEIN) Business address Oregon business identification number (BIN) City State ZIP Code County Telephone number ( Did you file Form.

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1. How much is the self employment tax for Oregon? The self employment tax refers to your share of Social Security and Medicare, two federal taxes. If you are a self employed business owner, then you will need to pay a tax rate of 15.3% and will need to be added on to your income tax.

To account for both the self-employment tax and taxes you owe on income, it's helpful to set aside at least 30% of your income for taxes if you're freelancing full-time for the first-time. Otherwise, you can use last year's income to calculate an estimation of what you'll owe this year.

Individuals. If you have net self-employment earnings greater than $400 from business or service activities in or delivered to the TriMet or LTD districts, you must pay transit self-employment tax.

Who must file and pay? All employers, including nonresident employers, who are paying wages earned in the TriMet districts must register and file with the Oregon Department of Revenue. Wages include all salaries, commissions, tips, bonuses, fees, payments to a deferred compensation plan, or other items of value.

The self-employment tax rate is 15.3% (12.4% for Social Security tax and 2.9% for Medicare). The self-employment tax applies to your adjusted gross income. If you are a high earner, a 0.9% additional Medicare tax may also apply.

1. How much is the self employment tax for Washington state? The Washington state self employment tax covers both Social Security and Medicare payments when you're a solo worker. The total is 15.3%, with 12.4% covering the part of Social Security and 2.9% covering your Medicare.

Oregon payroll taxes It's a progressive income tax ranging from 4.75% to 9.9%, meaning the more money your employees make, the higher the income tax. Employees who work in Oregon also continue to pay a transit tax of 0.01% in 2024. You must withhold this tax from employee wages.

The self-employment tax rate — a combination of Social Security and Medicare taxes — is 15.3% for 2023 and 2024. You'll use Schedule C to calculate net earnings and Schedule SE to calculate how much tax you owe. You can deduct 50% of your self-employment tax on your income taxes.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232