1

Net Earning (before qualified Plan deduction)

$100,000

2

Calculate 1402(a)(12) Deduction = .9235 * net earnings

$92,350

3

Caculate Medicare and Fica (Taxable Wage Base =84900)

$13,205.75

4

IRC 164(f) deduction ( 1/2 of Self -employment Tax)

$6,602.88

5

Self-employment Income= Net earning - IRC 164(f) deduction

$93,397.13