SEE-1 - Taxation - Section 4.3

Compute self-employment tax, household employment taxes, and tip income taxes, and identify safe harbour rules for estimated tax payments.

Compute self-employment tax on Schedule SE, recognising the deductible portion of SE tax, and determine the threshold wages that trigger household employment taxes for nannies and other domestic workers. Identify the safe harbour rules for estimated tax payments - including the 90% current-year and 100% prior-year options - to avoid the underpayment penalty.

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