Another ACT L/O
Discussion in 'Discuss Your Favorite Trucking Company Here' started by Kujo, Apr 29, 2012.
Page 17 of 21
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Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
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No haven't seen him yet, I'm sure I'll meet him soon enough - as soon as I stop running to Columbus few times a week lol. It's bad and nice at the same time when people start to recognize you at the truck stops. (cliff is going to say something/joke about this I'm sure).
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Does that last figure mean you took out for estimated income taxes and health insurance too??
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Ok,Your wife works full time and has the health insurance.That is a big savings to you.Your CPA thinks 20% is too much?,Look back when you were an employee and see how much you paid.That would give you an idea.I was an owner operator for 20 years and depending on my deductions and depreciation I paid sometimes a lot more than 20%.Maybe 20% is good enough if your an employee,but not if you are self employed and have to pay the full tax amount.
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self-employment tax alone is 15%.
Federal tax is 10%.
That alone is 25%.
What about your state employment tax?tnt440 Thanks this.
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
Page 17 of 21