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1099 income you pay full amount of payroll tax. W2 your employer kicks in 1/2.
by anonuser123456 7y ago
1099 income you pay full amount of payroll tax. W2 your employer kicks in 1/2.
- icedchai 7y agoYou need tax deductions: expenses, SEP IRA contributions, home office space, utilities, etc.. You'll get that 1099 income down real quick.