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smurfin
03-27-2000, 08:07 AM
Got a serious problem. It's kind of related to computers...Here are the facts.

1. I am contract labor
2. No taxes or anything is taken out of my checks.
3. I make about 730 a week for my biggest network that I support.
4. It is march and I have spend every cent on bills.

What nightmarish event do we see happening to the honorable smurf?
Anyone know how much is to be deducted for fica and assorted other "Government protection funds" (read IRS enforcers)
I really need to know quickly so I can start catching up!

wyvrn
03-27-2000, 09:24 AM
Tax rate is around 34 percent maybe? Not really sure, I just see a huge chunk taken out every week between 25 and 30 percent or so. Yikes! You might want to try to save about 40% of your paychecks for awhile until you have a sizeable sum. Check with the guys at H&R Block and explain your problem.

[This message has been edited by wyvrn (edited 03-27-2000).]

smurfin
03-27-2000, 09:38 AM
Thanks wyvrn;

Going to do that. Found out from some lady friends of mine(financial) that they are going to call project "help william become financially good" a priority project. It must be my smile. Pay taxes? What taxes? Ha.

Bill