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Re: 1099 work and employment taxes

Subject: Re: 1099 work and employment taxes
From: joanne grey <j_grey -at- writeangles -dot- com>
To: "TECHWR-L" <techwr-l -at- lists -dot- raycomm -dot- com>
Date: Fri, 07 Feb 2003 10:59:11 -0800



Tom Herme wrote:

Would I be responsible for the entire approximate 15 percent? If so, does a
person get half back when completing a Schedule C at tax time?

I put aside roughly 35%, but I believe that the actual percentage depends on how much you've earned. As for getting half back, I'm not an accountant, but I don't think so. There may be some adjustments.

You really should consult a tax person on such things - the rules change slightly from year to year.

HTH,
-joanne


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References:
1099 work and employment taxes: From: Tom Herme

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