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<blockquote data-quote="bacha29" data-source="post: 4135522" data-attributes="member: 58386"><p>Dollar wise, you're going to be shocked at the size of the hairball you're going to have to hoark up every quarter including that 15.30% for Social Security because after all you an "independent contractor". </p><p>So you've got $700 . Take 15.30% for social security and let's say the minimum withholding of 12% and your down to $509. Throw in a bit of state income tax and your down to less than $500. Not too good Bud but the pay back will no doubt be to remove lower earning years from your SS earnings report and replace with higher earning years . If this job will accomplish that feat then keep going for a long as you can.</p></blockquote><p></p>
[QUOTE="bacha29, post: 4135522, member: 58386"] Dollar wise, you're going to be shocked at the size of the hairball you're going to have to hoark up every quarter including that 15.30% for Social Security because after all you an "independent contractor". So you've got $700 . Take 15.30% for social security and let's say the minimum withholding of 12% and your down to $509. Throw in a bit of state income tax and your down to less than $500. Not too good Bud but the pay back will no doubt be to remove lower earning years from your SS earnings report and replace with higher earning years . If this job will accomplish that feat then keep going for a long as you can. [/QUOTE]
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