Prosciutto is very different from either bacon or pancetta, but we think it gets confusing because the words prosciutto and pancetta can sound similar to our non-Italian ears! Prosciutto is made from the hind leg of a pig (ie, the ham), and outside Italy, calling it prosciutto indicates a ham that has been cured. The quality of prosciutto is entirely in how it's cured. The outside of the ham is usually rubbed with just salt and sometimes a mix of spices.
The total amount withheld from your wages for the payment of federal income taxes â. report this amount on your federal tax return, form 1040. Top. Box 3 â Social security wages. The dollar amount that social security taxes are assessed on at the rate of 6.2% (change. to 4.2%) for the employee. Your employer also contributes to the social security system on. your behalf at the rate of 6.2%.
The self-employment tax includes both Social Security taxes and Medicare taxes. But here's a bit of good news. You can then turn around and claim an above-the-line deduction for one-half of your overall self-employment tax on the first page of Form 1040 as an adjustment to income.