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BLJ
Jun 24, 2014, 12:55 PM
I am a sole proprieter paid as 1099. Can someone provide me an estimated % for State of CA Self Employment Tax and IRS Self Employment Tax Please? Just a rough estimate as close to accurate filing as single no children as well.

AtlantaTaxExpert
Jun 24, 2014, 12:58 PM
There is NO California self-employment tax.

The federal self-employment tax is 15.3% of the net income on the Schedule C. The net income is your gross 1099 income minus all legitimate costs and expenses.

BLJ
Jul 2, 2014, 08:49 AM
Thank you very much for answer and assistance.

AtlantaTaxExpert
Jul 2, 2014, 09:01 AM
Glad to help!