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-   -   Sole Proprietor in CA Question for Estimated taxes % (https://www.askmehelpdesk.com/showthread.php?t=795068)

  • Jun 24, 2014, 12:55 PM
    BLJ
    Sole Proprietor in CA Question for Estimated taxes %
    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.
  • Jun 24, 2014, 12:58 PM
    AtlantaTaxExpert
    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.
  • Jul 2, 2014, 08:49 AM
    BLJ
    Thank you very much for answer and assistance.
  • Jul 2, 2014, 09:01 AM
    AtlantaTaxExpert
    Glad to help!

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