Thread: Accounting Info
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Old 02-05-2003, 02:57 PM  
Ace-Ace
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Join Date: May 2002
Location: Dayton, OH, USA
Posts: 1,863
Accounting Info

I know I should probably see an accountant for this. But a few quick questions, if anybody has any idea (since you're all in the same boat as I am). All my $ is from companies like FreeEzineBucks, Cyberfuse (Adult Plex), EZGreen (former Adult Plex), EmailBucks, Dollar Machine, etc. Am I considered "self-employed" and have to pay the 15.3% self-employment tax?

I view myself as a private contractor, contracting myself out to these companies, so I'm not really self-employed. Just trying to see what all taxes I'll have to pay.

As far as I know:
- a set % for federal tax (depending on what bracket I fall in after I calculate taxable income).
- a set state tax (3.0% right now for ohio)

Any others I should know of? Will I have to may medicare, medicaid, or anything like that? I had absolutely nothing witheld (as I'm sure a lot of you are in the same boat) so federal tax is going to be a bitch. I think that'll be the main hit?

Basically, what other shit should I look to expect? I'm clueless.
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