IC paying SS and IRS - Been there, done that Posted: Feb 16th, 2017 - 11:26 am In Reply to: For Imedx ICs answer - WC
I did that for 9 years as self-employed. You simply pay a percentage of what you make. Find a good accountant and get advice. Find out what your tax rate is. Probably 30% for everything. Then if you pay too much you will get it back. So you would pay that much no matter what your check is. If it turns out you are consistently paying too much or you belong in a lower bracket, they will let you know. You MIGHT have to pay B&O tax depending on what state you live in. Check with your accountant on that. It's really not as scary as it sounds. Good luck! You'll do fine.
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- For IMedX ICs - sm (Views: 821, 2017-02-15, 3:38 pm)
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- IC paying SS and IRS - Been there, done that
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