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Moonlighting Tax


Personal Business: WORTH NOTING

MOONLIGHTING TAX

For 1991 salaries up to $125,000, any sideline income will be subject to the 2.9% medicare part of the Social Security self-employment tax, warns Prentice-Hall's Tax Bulletin. Until now, withholding up to a single wage base ($51,300 for 1990) spared you further Social Security tax. EDITED BY TROY SEGAL


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