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Is my estimate of quarterly taxes for federal and self-emp right?
If I make $100,000 a year and need to pay quarterly taxes. Then I'll pay 3,825.00 in self-emp tax (15.3%) plus $3,692.50 in federal taxes (14.77% of income). Is this correct? That would be $30,070 in taxes for the year!?
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‎February 15, 2023
1:26 PM