Why is it telling me I owe $1500 back, if I made less than $12000 and I filed single?

[SweetieJean]

Any self-employment income?  Or other type of income?

[allisonsto]

No other income

[Lisa995]

So you have less than $12,000 on a W2 and it says you owe $1500?

[allisonsto]

I’m sorry it is a 1099 MISC

[Lisa995]

That's self employment income, so self employment taxes are computed....approx. 15% of the net profit is the self employment tax that will be due.

[allisonsto]

Ok thank you

[SweetieJean]

SE tax: $12,000 x .9235 x .153 = $1,696.