I am planning to work for a fireworks distributor for 2 weeks this summer. I am going to make 15% of all sales and estimate to make $9k. How much do I need to put aside so that I don’t get KILLED in taxes? I am married and file jointly and my regular W-2 from my full-time job will be about $60k that will come down to about $30k in taxable income.

  • 2
    25% is a good rule of thumb. Nothing wrong with putting away 3K or so in a "high yield" savings account.
    – Pete B.
    Apr 11 '16 at 16:25
  • Are you going to have expenses related to your sales work?
    – quid
    Apr 11 '16 at 16:26
  • 1
    How does "putting" some aside reduce your taxes owed?
    – DJohnM
    Apr 11 '16 at 18:23
  • 2
    @DJohnM I'm sure the OP means owing the IRS next year. OP would prefer to set aside the money owed for taxes and make sure not to spend it.
    – mkennedy
    Apr 11 '16 at 18:55
  • @quid,@DJohnM,@mkennedy - won't have much expenses related to the 2 week job. And yes, I was talking about putting money aside for taxes and not spending it.
    – nymickey
    Apr 12 '16 at 18:07

You will most likely pay around 30%, between standard income tax and payroll taxes. That is a good place to start. If you live in a state/city with income taxes, add that to the mix.

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