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    tom1963's Avatar
    tom1963 Posts: 2, Reputation: 1
    New Member
    		  
    #1

    May 1, 2012, 08:18 PM
    Withholding for a contractor
    What percentage should be taken on Federal,State,Medicare and Social Security? This for Independent contractor for weekly earnings.Just need to know
    Percentages for earnings between 400.00 & 900.00 per week.

    Thank you
    tom1963's Avatar
    tom1963 Posts: 2, Reputation: 1
    New Member
    		  
    #2

    May 1, 2012, 08:20 PM
    Payroll Deductions
    What percentages should be taken out on wages betwee 400-900 dollars per week.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #3

    May 1, 2012, 08:34 PM
    No way to answer that, don't even know what country it is . In the US, it will depends on how you file, married or single, then number of dependents.

    There are specific charts, next what state if in the US, they all have different tax codes, then what city, many cities have city income taxes.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #4

    May 2, 2012, 03:10 AM
    An independent contractor does not have taxes withheld. An independent contractor is responsible for paying quarterly estimated taxes on their own. {MOD Note: threads merged}
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #5

    May 3, 2012, 06:28 AM
    Actually, contractors CAN ask to have federal and state income taxes withheld, if the "employer" wishes to do so.

    The employer is NOT obligated to do so, however.
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