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C
Cozartg
February 5, 2022
Question

Paid in cash

  • February 5, 2022
  • 1 reply
  • 0 views

How do I file if I was paid in cash

    1 reply

    AmyC
    AmyC
    Employee
    February 5, 2022

    As an independent contractor on sch C. See

     

    Please keep in mind that your income is subject to self-employment tax (calculated at 15.3% on 92.35% of your 1099 net income) and also subject to income tax calculated at your marginal tax rate.

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