Resource title

Self-Employment Contributions Act (SECA)

Resource image

image for OpenScout resource :: Self-Employment Contributions Act (SECA)

Resource description

The Self-Employment Contributions Act (SECA) of 1954 is a tax law that requires the owners of small businesses—such as S corporations, partnerships, and sole proprietorships—to pay a tax of 15.3 percent of their net income from self-employment to cover their own Social Security, Medicare, and Old Age Survivors and Disability Insurance (OASDI) costs. Workers who are employed by a company or another person (rather than being self-employed) only have to pay half this amount, which is withheld from their paychecks.

Resource author

Resource publisher

Resource publish date

Resource language


Resource content type


Resource resource URL

Resource license

Copyright © 2011 Advameg, Inc.