I made $10,000 as a contracted employee in 1099MISC forms. After business deductions, my AGA is $5884 so I owe $895. My EIC of $449 was deducted, now I owe $446 in taxes! My standard deduction is 6300 and my personal exemptions are 4050. That totals $10050 and I only made 10000! I don't understand how I can possibly owe on such minimal income. Help!
