Owners pay/withdrawals

What kind of business return do you file?  If you just file it on Schedule C in your personal return you do not report or enter your pay or withdrawals.   

Sole proprietors cannot take a withdrawal or salary and include it as an expense on their tax return. As a sole proprietor, you are not an employee of the business. You don't pay yourself or enter a salary or withdrawal for yourself. All the business income and expenses are your personal income and expenses in the first place. You just fill out a Schedule C. The net profit or loss is your income.  If you have a net profit of $400 or more on schedule C you will pay SE self employment tax on it in addition to your regular income tax. It's all included on your personal 1040 form.  

For an owners draw on a schedule C sole proprietorship (and a single member LLC not electing to be treated differently), an owner's draw itself is not directly taxable. 
However, you do pay taxes based on your business's net income (income less expenses), regardless of the draw amount.
For self-employment you should be calculating and paying estimated quarterly taxes (income tax and payroll).   you could use our tax calculator to assist you with the number. https://turbotax.intuit.com/tax-tools/calculators/self-employed/
If you have elected S-corp status, you are required to be issuing yourself payroll checks (reasonable compensation) before draws - distributions.

If you have partners or a multiple member LLC (partnership), you could possibly be having a reduction in your Partner's Capital Account or possibly a guaranteed payment depending on the nature of the cash out and you could be subject to self employment taxes.