|Net farm income or loss||NET_FARM_INCOME_OR_LOSS|
|Net business income or loss||NET_BUSINESS_INCOME_OR_LOSS|
Self-employment income subject to self-employment taxesThis is calculated as TAX_FACTOR times your net farm and business income. If the total is less than SELF_EMPLOYMENT_MINIMUM you do not owe any self-employment taxes on this income.
|Church employee income||CHURCH_EMPLOYEE_INCOME|
Church employee income subject to self-employment taxesThis is calculated as TAX_FACTOR times your church employee income. If this amount is less than CHURCH_EMPLOYMENT_MINIMUM you do not owe any self-employment taxes on this income.
|Total income subject to self-employment taxes||TAXABLE_AMOUNT|
Employer paid income with FICA withheldIncome up to FICA_MAXIMUM is subject to FICA taxes. Your employment wages and tips should have a SOCIAL_SECURITY_CURRENT_RATE deduction for FICA from your pay, and a SOCIAL_SECURITY_CURRENT_RATE payment from your employer (which does not appear on your paycheck). If your total wages, tips and self-employment income exceed FICA_MAXIMUM you only owe Social Security on the difference between your self-employment income and FICA_MAXIMUM. If your total employment wages and tips exceeds FICA_MAXIMUM you will not owe any additional Social Security taxes for the year.
|Medicare tax (MEDICARE_CURRENT_RATE1) for 2016||MEDICARE_TAX|
|FICA tax (SOCIAL_SECURITY_CURRENT_RATE1) for 2016||FICA_TAX|
|Total self-employment taxes for 2016||TOTAL_TAXES|
|Tax deductible portion for 2016||ONE_HALF_TAXES|
In most cases you will need to pay self-employment taxes on salaries received for services performed as a minister. This also includes the rental value of a home and the value of meals and lodging provided to you, your spouse and your family. Include income received for services performed as a minister in your 'net business income or loss', do not include it in 'Church employee income'. There are a number of exceptions for ministers and members of religious orders, in regards to self-employment tax liability. Please see the detailed instructions for self-employment taxes as provided by the IRS to determine how these rules might apply to your specific situation.
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