How much more do i charge for taxes if i did a 3,200 doller job and they want to 1099 me
Answered by Melissa Pedigo, CPA ·
Independent contractors are responsible for self-employment taxes, which are generally 15.3% (depending on your income). When you are a W2 employee, your employer generally pays 7.65% of the payroll taxes (one-half). Therefore, depending on your tax situation, you may be required to pay 7.65% of additional payroll tax if you are an independent contractor.