Self Employment Tax Medicare
December 31st, 2009
Question: Dependent child receiving 1099 tax form?
I am 17 years old and i received a 1099 tax form. There is about 2900 listed in Box 7 of the form and i am listed as dependent under my parents. I was wondering how much tax i would have to pay and which ones. self employment tax? income tax? ss tax? medicare? etc…
Answer: Self employment tax, Schedule SE and Schedule CEZ.
about $435
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Self-Employment Taxes
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