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[quote=RailMom;81314]A tax consultant will tell you that as a 1099 tax form, you should put away 15% of overall EARNED monies. That's not including the cost of whatever fees you need inorder to run, operate, function the business. That way, you're at least "covered" on your tax fees.
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I believe this only applies to social Security taxes, usually total 9 -10% self-employment, State tax about 10%, then federal between 15 and 25% there abouts.
When I get a bonus from my regular job, an automatic 30% total is taken out to help account for the three taxes above. I believe a KJ's total is about the same. Then when you file you will most likely get some back as deductions reduced your overall net salary.
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