1099 & fica
michie1
19 years ago
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My father & I were having a discussion about whether a 1099 independent contractor is responsible for paying their own social security (FICA) tax on their annual income tax (1040). He says, "no" & I say that you do have to. If I'm correct, is the percentage the 7.65 like you'd pay as an employee or is it double that since you don't have an employee to match it?
Nancy in Mich
kittiemom
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