income
 






 

Question by  GG (20)

How are taxes calculated for 1099 income?

 
+7

Answer by  mammakat (11147)

Add boxes 7 and 3 for your total income, subtract your expenses. Figure in your self employment tax and use Publication 15-T for federal tax liability, and deduct state tax

 
+6

Answer by  Brittney (1095)

The same way they are with a w-4. They will caculate how much you made and how many dependents you have. The difference is that you will have to pay.

 
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