I noticed different tax rates were applied to my Misc income depending on whether or not I specified it was from work related to my primary job. (Either that or it differed depending on whether or not I specified that I *intended* to earn the money.) Can someone explain?
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The income tax rate is no different from a Form 1099-MISC than other forms.
The difference is when an individual has 1099-MISC income from a Self-Employed venture, they also may have to pay Social Security and Medicare taxes in addition to income taxes.
https://ttlc.intuit.com/replies/4799028
Edited 2/16/18 10:37 a.m.
The income tax rate is no different from a Form 1099-MISC than other forms.
The difference is when an individual has 1099-MISC income from a Self-Employed venture, they also may have to pay Social Security and Medicare taxes in addition to income taxes.
https://ttlc.intuit.com/replies/4799028
Edited 2/16/18 10:37 a.m.
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