How are taxes paid on a 1099?
On a 1099 MISC Form, the income earned will be noted, but there will not be any deductions for federal and state income taxes.
Answered by Sarah A. -
About Income Tax
The Income Tax is a tax imposed by the Federal, most states and local governments. The income tax is determined by applying a tax rate to an income bracket. In 2011, taxes are due on April 15th.
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