How much should I set aside for 1099 form.?
Asked by: sventre
I am receiving checks for night sitting and the lady told me she will send me a 1099 form. I am getting paid $ 100/night and am wondering how much I should set aside to be set for the taxes I need to pay on this reported money. How much money do i need to set aside? What percentage of self employment, federal income, and state income tax will be deducted? And is there any other hidden fees I need to pay for this?
How others found here:
- how much should i set aside for taxes on 1099
- how much should a put aside for withholdings?
- how much to put aside for taxes for 1099