<p>We are just beginning the FAFSA and I am confused on question 80:
What was the amount your parents paid in income tax for 2007?
It says to take the figure from line 57 of the 1040 form, but this then wil not reflect any of the self-employment taxes we pay (line 58 of the 1040 form)</p>
<p>Is there anyway to account for this on the FAFSA---I don't see it?</p>
<p>The 3nd half of the Self Employment tax is not accounted for. My memory is fuzzy on this, but as I recall you get to account for the half of it paid, the employer half, on your taxes and the other half is accounted for in the formula, just as is SS/FICA on the tables in the EFC formula for non-self-employed people.</p>