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Re: 1099 work and employment taxes

Subject: Re: 1099 work and employment taxes
From: "Jeanne A. E. DeVoto" <jaed -at- jaedworks -dot- com>
To: "TECHWR-L" <techwr-l -at- lists -dot- raycomm -dot- com>
Date: Fri, 7 Feb 2003 11:28:53 -0800


At 10:27 AM -0800 2/7/03, Tom Herme wrote:
>Does anyone know what employment tax (Social Security and Medicare) a person
>pays on 1099 work?

Both halves, employee and employer.

>Would I be responsible for the entire approximate 15 percent?

Yes.

>If so, does a person get half back when completing a Schedule C at tax time?

No.

--
jeanne a. e. devoto ~ jaed -at- jaedworks -dot- com
http://www.jaedworks.com



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

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