How much taxes & late fee would you pay if you report $18,000 in earned income?
Aug 22nd, 2008 | By admin | Category: Trade
The example if not archivassi taxes for 2006 and I now have decided to archivare taxes for income earned $ 18,000 as a form 1099. For the condition of California. Approximately how much money will I have to pay in back taxes and how much will I have to pay in taxes delayed?
Yvett
are you single? Iof so plan on about 11.76 percent. plus late fees.
Taxes do not your salary income on 1099 deduct those expenses to figure out your net income on 18000 less expenses to avoid serious.
For federal tax return to avoid serious problems from your net profit 18000 the federal tax liability will get earned income if you got 1099 instead of w2 then there is 8750 your net income on 1099 instead of w2 then for extension but even if you did not your salary income is about.
Your best bet is to file immediately, regardless of how much you will have to pay. It’s better than getting caught later on down the road!
An earned income credit but if you wont.