taxes






 

Question by  Baobao (1273)

How does the IRS figure contract work withholding?

 
+6

Answer by  Gunrunner (561)

There is not enough space here to answer this question. Please go to the IRS website and download Publication 15 Circular T 2009 which will give you the answer.

 
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Answer by  Gabriel (2146)

Typically its taxed at what ever your marginal rate is, just like any personal income. For instance if single and you made $50,000 you'd pay 25%.

 
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