Ask Experts Questions for FREE Help !
Ask
    mjville's Avatar
    mjville Posts: 1, Reputation: 1
    New Member
     
    #1

    Mar 15, 2011, 08:51 AM
    How do I figure out the taxes due quarterly on a monthly income of $412.00
    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's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #2

    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.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Henery is selling his business how do I figure 20x monthly income [ 1 Answers ]

Henery is selling his business. We are to buy his business . We are to use most recent monthly income and 20x to find out monthly expenses we would expect to earn from it. Least he will take is ending capital. What should we offer him. Give a reason Henery is selling his business. We are to...

Quarterly taxes on 1099 earnings [ 1 Answers ]

My wife is a federal government retiree and has gone back as a contract employee with 1099 earnings - I am trying to find the proper form to file all the appropriate quarterly taxes and can't find the form. Please advise. Thanks!

How to figure daily rate of bi-monthly payroll [ 1 Answers ]

How to figure daily rate of bi-monthly payroll

Create weekly,monthly,quarterly and yearly queries in access 2007 [ 1 Answers ]

Hi everyone. I have designed a database that keeps a record of users 's details as they enter and leave the library.Examples of this fields are: VisitorID,Name,TimeIn,TimeOut,DateOfVisit,NatureOfVisit All the above are recorded in a table called visitDetails. I have two tables and the...


View more questions Search