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Is 20% enough? As a self-employed 1099 contractor, you are required to pay your federal income and FICA taxes quarterly. In order to calculate what you owe for your first quarterly payment, you will need to fill out form 1040-ES. This will give you a good estimate of what your full year taxes will be, and how much you will need at each installment--better ...


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That would depend on if you are contracting the person providing the service, or merely acting as a safe method of ensuring quality and payment. If it's a service contract between customer and service provider then you have no hand in it other than what you owe in taxes off of your cut. If it's either an independent contractor working for you, or an ...


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