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Lady Freedom Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-01-04 08:55 PM
Original message
How much does a single person with no dependence....
That earned less than $17,ooo pay in U.S pay role tax?
My employer did not pay mine so now it will be up to me and I would like to have a heads up on the pain in my bankbook will be!
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DBoon Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-01-04 09:12 PM
Response to Original message
1. IRS form 1070 EZ and booklet
That's probably your best bet. Around tax time you can find this in post offices, a library might help.

If your employer didn't withold any taxes, you probably should have paid quarterly - assuming you owe anything at all.

The Earned Income Tax Credit would definitely apply to you - read up on it if you can. You might actually get money back because of it.

It would suck to pay taxes on $17,000 a year.
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THUNDER HANDS Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-01-04 09:14 PM
Response to Reply #1
2. I made about that much last year
Before I got my current job. I got back about $600 from the govt.
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Art_from_Ark Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-01-04 09:35 PM
Response to Reply #2
3. So how much money did you pay in withholding
before you got that $600?
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Kat45 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-01-04 10:11 PM
Response to Reply #1
6. I made less than that last year and had to pay taxes, as in
write out a check and pay money (rather than get a refund)! I had two part-time jobs, and the taxes taken out of each check are the amount needed if that was the total amount of money I made. But since I had the second part-time job, and made a pittance more, they hadn't withheld enough taxes and I actually had to shell out more money!!! I couldn't believe it: I didn't make enough money to pay my bills, yet I had to pay more taxes. That totally sucked.
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gardenista Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-01-04 09:36 PM
Response to Original message
4. Um, if you are an "employee", then your "employer" is breaking the law.
If your employer did not withold federal and state income taxes, including social security, they broke the law. If you are an independent contractor, you should get what is called a "1099" form. If you are an employer, you should get a "W-2" form. The test cases for an independent contractor are pretty strict these days. You provide your own tools, set your own schedule, structure your work in your own way, etc. If this is not the case, then your employer needs to pony up for 50% of the social security tax, at the very least.

I hope you can look into this soon, and clarify the relationship with your employer. You are in an unfair situation if you think you're an employee, and have all of the responsibilities of being an employee, but none of the benefits.

Self-employment tax is a bear. Best of luck!
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Eroshan Donating Member (160 posts) Send PM | Profile | Ignore Thu Jan-01-04 09:37 PM
Response to Original message
5. you will pay
15 percent right off the top in SS the throw in medicare and youwill be looking at around 20 percent before with holding taxes. But if your employer did not pay then you may be considered a subcontractor and able to take some hefty deductions.
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LuLu550 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-01-04 10:14 PM
Response to Original message
7. It might be worth talking to a tax person
If you were an independent contractor, you may qualify for home office deductions, milage, supplies, etc. and might not have to pay any taxes. (Part of my income is free-lance writing and the write-offs are great).
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cally Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-01-04 10:38 PM
Response to Original message
8. Your employer could be in serious trouble
It's very hard to employ someone and not pay the taxes. I think you need to see a professional.
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