SECA

Self-Employment Contributions Act (SECA)
The Self-Employment Contributions Act (SECA) taxes are imposed on the net earnings of individuals from self-employment. These contributions fund Social Security and Medicare programs for self-employed individuals.
Self-Employment Contributions Act (SECA)
The Self-Employment Contributions Act (SECA) is a federal law in the United States that imposes a tax on the income of self-employed individuals for the purposes of funding Social Security and Medicare programs.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.