[PLUG] Taxes for contract work...
Michael C. Robinson
michael at robinson-west.com
Tue Jun 3 10:50:02 UTC 2003
I'm new at this. I earned $689.85 in my last check and since I
guess the limit for not reporting is $500 that I am responsible
for the taxes. Is fica really %10.5 for everyone? I'm a 23 year
old dependent with $500 of outstanding subsidized stafford loan
to pay off @ $50/month, I owe darn near everything I've earned
so far. One thing I wonder about is if amounts earned below the
minimum tax level will be reported by my employer, i.e. if I get
a $200 check after two under hour weeks will I have to pay taxes
on that amount? Is $10.50/hour reasonable for a person with a
general studies degree from PCC? Can anyone guess my income tax?
I wish I could get a job with stable hours, benefits, better pay,
and Linux training.
-- Michael C. Robinson
More information about the PLUG
mailing list