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View Full Version : How do I figure out the taxes due quarterly on a monthly income of $412.00


mjville
Mar 15, 2011, 08:51 AM
I am paid a $412.00 monthly income. There aren't any taxes, other than FICA, taken out of this income. I would like to pay the taxes due quarterly, but I don't know how much this would be, or where to send them. Could you please help.

AtlantaTaxExpert
Mar 25, 2011, 12:09 PM
You need to complete Form 1040-ES to determine your annual tax liability, then divide by four to calculate what to send on a quarterly basis.