So for 2023 estimated quarterly tax payments, we need to take his income amount from 2022 (shown in Box 1 on 1099-NEC), divide by 4, then pay that amount quarterly?
For example: If his Box 1 income is $10,000, and there aren't any deductions or expenses (I understand this likely won't be the case, but just for example), we multiply the positive profit by 0.[removed] = $353.74, then make quarterly payments of that amount?
