New IC, estimated tax?
Posted By: Old and out of it on 2008-02-02
In Reply to:
After leaving the Q I am now an IC. Do I need an accountant to handle my taxes? We have been doing our taxes ourselves since we got audited because of a crooked accountant and I am afraid to trust one again. Do I have to pay estimated if we file jointly? If I have to pay estimated, how do I go about it?
Thanks.
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Where I used to work, they estimated SM
that one minute of dictation was equal to approximately 11.5 lines. So 130 to 140 minutes a day would equate to (roughly) 1495 lines to 1610 lines per day.
Let's say you average 135 minutes a day. That would be about 1553 lines a day or 194 lines an hour. At the current hourly rate you earn of $23 an hour, it would equal approximately 0.12 per line...which is very, very good--especially considering you probably get benefits on top of that.
:)
Chickadee
Does anyone know what the estimated total # of MTs in the US is? nm
nm
Don't worry about estimated
Look at your last years taxes add in $3600 (minues any deductions) figure 15% for at least SS on your NET amount and see if you withheld enough from you and your husband. If you received a refund - you are probably fine. If you used Turbo Tax or any of those programs you can do a projected estimated income for next year which takes off your deductions, etc. You can always have an extra $25 to $50 per pay period taken out of your employee position. The IRS does not care what source the money comes from as long as the taxes are paid, they put ALL your and your husband's income into one combined income and you are taxed on that amount. And, $3600 won't add on that much except for the Social Security that you will pay the 15% on and again, it is all paid to the IRS and so if you overwithold from your employee position they don't care as long as they get their money.
you need to be paying quarterly estimated taxes(nm)
x
Estimated downtime for hernia surgery?
I have a large ventral hernia that needs repair and am trying to determine how much I have to save to see me through the disability period...have any MTs had similar procedures who could tell me approximately how long you were not able to work? Thanks for any input. 
My UPS has an estimated battery time of 19 minutes
which gives me enough power to finish the report I'm working on and shut down my computer correctly.
my full retirement age is 67 according to my estimated benefits paper - nm
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