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    BLJ's Avatar
    BLJ Posts: 2, Reputation: 1
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    #1

    Jun 24, 2014, 12:55 PM
    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.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    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's Avatar
    BLJ Posts: 2, Reputation: 1
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    #3

    Jul 2, 2014, 08:49 AM
    Thank you very much for answer and assistance.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #4

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