But if he earn approx. 12k he still needs to pay taxes on self employment income.
Approx 7500 of the income was with W2's and he get the $565 paid in federal taxes back.
Then he has $3700 of income from the 1099MISC and owes $531 back so refund is now $34.
He still have to pay the $531 even though income (w/interest on bond) total $12,102??
