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I make approximately 22,000 a year. What should my quarterly estimated tax payments be?
2 Answers
- troLv 71 decade agoFavorite Answer
if this is self employment, that tax would be $3109 and you would pay that in 4 installments
however this is only your se tax, you income tax would be in addition which would depend on all your income from all sources, your personal exemptions and your standard deductions
plus half of your se tax is a credit to reduce your gross income
- Anonymous1 decade ago
Follow this link for the IRS Worksheet on Estimated Taxes
Source(s): http://www.irs.gov/pub/irs-pdf/f1040es.pdf
