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% of taxes taken out monthly when 1099?
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<p>[QUOTE="Anonymous, post: 3732297"]No shit. What I wanted to know is how much do you have to put aside for taxes per month to pay quarterly / yearly? I understand that 1099 is an independent employee, "hence" the 1099 tax form, no benefits, no 401k, no gas reimbursement, etc. I figured people would assume that I understand taxes aren't automatically deducted out of your pay check when 1099. Also, I have spoken with an accountant and he said 30-35% of your net, not gross, put aside for federal taxes. But because there are so many write offs he estimated around 10-15% gross. I wanted to see if that was accurate and I didn't think I had to write this much detail to get an answer.[/QUOTE]</p><p><br /></p>
[QUOTE="Anonymous, post: 3732297"]No shit. What I wanted to know is how much do you have to put aside for taxes per month to pay quarterly / yearly? I understand that 1099 is an independent employee, "hence" the 1099 tax form, no benefits, no 401k, no gas reimbursement, etc. I figured people would assume that I understand taxes aren't automatically deducted out of your pay check when 1099. Also, I have spoken with an accountant and he said 30-35% of your net, not gross, put aside for federal taxes. But because there are so many write offs he estimated around 10-15% gross. I wanted to see if that was accurate and I didn't think I had to write this much detail to get an answer.[/QUOTE]
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Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
Home
Forums
>
Medical Equipment/Device Sales
>
Wright Medical
>
% of taxes taken out monthly when 1099?
>
Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
Home
Forums
>
Medical Equipment/Device Sales
>
Wright Medical
>
% of taxes taken out monthly when 1099?
>