Gerald J. asked

💰  Tax

If I have a 1099 role in Florida (no state taxes), how much should I withhold to cover taxes that usually are automatically withheld for W4 employees? Specifically, I need to know how to calculate the Medicare, Social Security, and income taxes for a $60k annual pay.

January 18th, 2023

Laura B. answered

For a 1099 role in Florida, you need to account for both self-employment taxes and income taxes. Her...

January 18th, 2023

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