I just received my first paycheck for a new job as a college adjunct instructor, and I'm a bit confused by the tax section of the pay stub. Yes, money is set aside under Social Security and Medicare--but no money is listed for Federal Withholding. Why wouldn't money be withheld for federal taxes? And does that mean I need to be setting aside money for taxes myself?
My first thought was that maybe I misunderstood the terms of employment and that this is actually freelance work (for which I would be responsible for the taxes)--but I've checked, and it is an actual employee position for which I am expecting to receive a W2 (not a 1099MISC, like I would expect for my other freelance work).
Context: My primary employment is as a public school teacher. I also do some freelance tutoring under a sole proprietorship business license--I handle the Self-Employment Taxes on that myself. This adjunct position is a small side gig.
Thank you for your help!
