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M
mike_sunfox
June 6, 2019
Question

How do I calculate my total tax liability on $750 of nonemployee income? Please breakdown the calculation.

  • June 6, 2019
  • 1 reply
  • 0 views
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1 reply

K
kprice3
June 6, 2019

You really have not given us enough information.  Don't know what tax bracket you are in-what other income you have.  

Self-employment tax is $106. add to that your Federal Income Tax.  If that is all the income you have, you will owe $0 Federal Income tax.

M
mike_sunfoxAuthor
June 6, 2019
It will be added on top of a joint income over 120k minus a standard deduction in 2018.  My wife is having to file a W-9 to get paid for dancing but she will have to divvy it up with 8 other people.
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