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    lorimedassistant's Avatar
    lorimedassistant Posts: 1, Reputation: 1
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    #1

    Feb 21, 2008, 10:47 AM
    How much taxes are owed on $3000filing from a 1099 miscelaneouse
    How much taxes are owed on $3000filing from a 1099 miscelaneouse
    xphelper's Avatar
    xphelper Posts: 220, Reputation: 29
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    #2

    Feb 21, 2008, 05:45 PM
    Quote Originally Posted by lorimedassistant
    how much taxes are owed on $3000filing from a 1099 miscelaneouse
    Taxable income is based on your gross income (a total of all taxable incomes), minus all allowable deductions; therefore, it would be impossible to determine an exact dollar amount owed on that $3,000.00 without doing your income taxes (or at least doing a preliminary tax return to get a ball-park figure).
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #3

    Feb 21, 2008, 06:00 PM
    I will say in general, what ever your normal tax base is, it is the same here. You have normally about 25 percent to pay in taxes. This can very by your own tax issues, for example as noted what deductions you have against this
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #4

    Mar 7, 2008, 12:38 PM
    Agreed; a 25% rate is most likely.
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