Hey everyone,
I started dancing early this year. I went and talked to an accountant about two months ago about what I need to do for taxes. He basically told me that because I had missed the quarterly estimated tax payments for ind. contractors to just save up and we'd take care of it in 2004. This is fine and dandy but I have no idea how much I'm supposed to be putting aside.
Does anyone know what percentage I shoud count on for my tax owed, state and federal? For example, if my monthly gross is $1500, what is my tax on that going to be? And if I grossed $2000 one month, how do I figure that out?
Any help would be appreciated, Thanks!
Scarlett



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