I recently started a new job. My boss is paying me $12 an hour and said he'll give me a 1099 at the end of the year. I understand that I need to pay quarterly estimated taxes and will do that, but I'm concerned about FICA and Social Security and anything else that would be deducted if I were on a real payroll.
What do I need to have deducted? I'm lost here. I am considered an employee, not a private contractor.
Any help you can give me will be greatly appreciated - thanks in advance!