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VT4ME

Joined: 10/08/1999 Posts: 717
Likes: 361


That is on top of income tax. It is 12.8% FICA and the Medicare portion.


(In response to this post by EDGEMAN)

Posted: 09/09/2021 at 10:16AM



+1

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Current Thread:
 
  
NIL question for the CPAs on this board -- EDGEMAN 09/08/2021 5:16PM
  No matter the school... -- GCHokie34 09/08/2021 9:10PM
  @GCHokie34 You might want to chime in. ** -- IB4TECH 09/08/2021 8:52PM
  It depends on how the agreement is structured. -- RJHokie 09/08/2021 6:02PM
  Would be subject to self employment tax. ** -- VT4ME 09/08/2021 5:56PM
  When I worked as an independent contractor... -- EDGEMAN 09/08/2021 8:23PM
  Which I believe runs around 15% ** -- VT ChemE 1986 09/08/2021 6:02PM
  Yep ** -- VT4ME 09/08/2021 7:09PM

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