Social security and Medicare taxes are
collected under the SECA and the FICA. Here, we will explore which earnings are
taxed under both systems and how to figure earnings from self-employment. We
will also, if you have
a household employee, you may need to pay state and federal employment taxes. The tax consultant needs
to know whether the taxpayer has a household employees and whether the taxpayer
needs to pay federal employment taxes. In addition, one must know how to figure,
pay and report these taxes and records one must keep.
Tax School
Homepage
Student Instructions:
Print this page, work on the questions and then submit test by
mailing the answer sheet or by completing quiz online.
Instructions to submit quiz
online successfully: Step-by-Step check list
Answer Sheet
Quiz Online
Most forms are in Adobe Acrobat PDF format.
You
will need Adobe Reader to view and print these forms. If you do not
already have Adobe Reader installed on your computer, you may
download the software for free.
You will need
IRS Publication 517,
IRS Publication 926,
and
Form 1040 Instructions
(Form 1040 instructions only up to page 98)
to complete this tax topic.
Please note:
Form 1040 Instructions
(Form 1040 instructions only up to page 98) will be used for the rest of the topics in the initial tax
preparer certification course. You will be responsible to answer questions from
the Form 1040 instructions booklet (up to page 98) on every topic so read it carefully.