- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How do I calculate my total tax liability on $750 of nonemployee income? Please breakdown the calculation.
Topics:
posted
June 6, 2019
10:31 AM
last updated
June 06, 2019
10:31 AM
2 Replies
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How do I calculate my total tax liability on $750 of nonemployee income? Please breakdown the calculation.
You really have not given us enough information. Don't know what tax bracket you are in-what other income you have.
Self-employment tax is $106. add to that your Federal Income Tax. If that is all the income you have, you will owe $0 Federal Income tax.
June 6, 2019
10:31 AM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How do I calculate my total tax liability on $750 of nonemployee income? Please breakdown the calculation.
It will be added on top of a joint income over 120k minus a standard deduction in 2018. My wife is having to file a W-9 to get paid for dancing but she will have to divvy it up with 8 other people.
June 6, 2019
10:31 AM
Still have questions?
Make a post