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Yes! Unless you receive a W-2 from your employer, (where taxes are taken out automatically) more than likely you would receive a 1099 and pay Estimated Tax payments on a Quarterly basis.
answer #2
if you receives a 1099 you are a subcontractor essentially a business. You will pay income tax, self employment tax unemployment and possibly workers' comp depending on the state. On the positive side your income can be offset by legitimate business expenses such as booth rental, supply costs, etc. Your tips are also taxable income so be sure to keep an accurate record of those as well.
If you receive a W-2 you are an "employee" your taxes will be withheld. Your tips are still taxable. You are much more limited in the expenses you may deduct from your W-2 wages.
What else can I help you with?
Does the estate pay taxes?
Estates pay taxes on income and may have to pay inheritance taxes.
How much taxes do you have to pay on $600.00?
How much federal taxes do you have to pay on $600?
Does net net include taxes?
If looking at your pay stubs, you gross pay represents your total pay before taxes. The net pay is your pay after taxes.
What state's pay taxes in arrears?
what states pay taxes in the arrears
Do veterans have to pay taxes?
Yes everybody must pay taxes.
What is the pay of a hair stylist?
Not that much.
How do hair salons pay hair stylist?
Either by the hour, or a percent of the cost of your hairdo is called commission.
What is a hair stylists average booth rent?
I am a Hair stylist in New Orleans, Louisiana and I pay $225.00 a week in booth rent.
What do you call someone that styles and cuts hair?
Beautician. Hair stylist/hairdresser.
How much will a hair stylist pay you for modeling?
Generally hair models don't get paid. They get a free haircut, blow dry, and/or style as payment.
How you can get a hair stylist lincense?
By taking stylist collage.
Who and where is monica arnold's hair stylist located if n the atlanta ares?
Who and where is monica hair stylist
When was Tara Smith - hair stylist - born?
Tara Smith - hair stylist - was born in 1973.
How much should a hair stylist pay for chair rental?
around £50 at a push get 1 off amazon
Who does Oprah Winfreys hair?
A hair stylist
How long does it take for a stylist to touch up hair extensions my hair stylist charges 75 an hour and I was wondering who has gotten their hair touched up before?
It all depends on the stylist, their experience level, and YOUR hair. If you have a lot of hair, it will definitely take a lot longer than someone with shorter or thinner hair. I would guess an average at about one hour, but be prepared to pay more just to be on the safe side. If you want to be super sure, call your stylist and ask for an estimate to make sure you're fully prepared on the day of your appointment.
Would you tell me how to become a hair stylist?
Becoming a hair stylist does not take much time. Some good resources include http://www.wikihow.com/Become-a-Hair-Stylist, http://www.spabeautyed.com/career-center/hair-stylist or http://hairstylescene.wordpress.com/2011/02/11/2011-hair-ideas-trends-and-tips/.
