Ask a Question

how much tax does an independent consultant has to pay on a $50,000 fee in New York City?

0 votes
I am a potential candidate for a job that pays either $50,000 or $60,000, I believe (I'm having an interview on Saturday and we haven't discuss salary yet). I would like to know what my taxes will be in order to be better informed and negotiate the yearly salary based on the taxex I would have to pay. They're not offering any fringe benefits or medical insurance
asked Aug 9, 2013 in Salaries by giovannipuello Newbie (120 points)
   

1 Answer

0 votes
Look at this example of a estimated tax projection for an independent contractor. To run this projection for yourself, you'll need to know your income and deductions for the year so far, and then develop a little spreadsheet to multiply those figures into an annual amount.Refer this link provided: http://taxes.about.com/od/paymentoptions/a/estimated_tax_3.htm
answered Nov 6, 2013 by smartguy Inquisitive Expert (111,180 points)

Categories

ExplainPlease on Facebook

62,902 questions

43,202 answers

1,031 comments

11,925 users

smartguy111,180
charlie100,740
bbrown97,580
answerwiz94,860
amanda0192,480
The.Sage92,240
kfox83,520
lsmith82,840
smartypants81,320
sallyb76,360
...