01/04 - Meaningless Monday!

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MirrorMan

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So I do this on the side and made $9000. So would i pay roughly 15.3% social security than would it be 10% of 9000 because of the bracket? I have a regular job also that get's taxed with each paycheck also. Thanks for your help
You have to file a schedule C form to report your self-employment income along with your other employment. Like what M @Mikey Chlanda said, one of the free online programs like FreeTaxUSA will be able to do all of the calculating for you.
 

rsmath

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So I do this on the side and made $9000. So would i pay roughly 15.3% social security than would it be 10% of 9000 because of the bracket? I have a regular job also that get's taxed with each paycheck also. Thanks for your help
both 15.3% and your fed income tax rate, which might be more than 10% and into another tax bracket depending on how much income your regular job and other non-turk income sources amount to.

Schedule C ("business" income), Schedule SE for self employment income, and you should do estimated tax payments quarterly for the turk income unless your regular job way overholds from you that the tax owed on your turk income can be covered by the regular job overwithholding without risking a penalty for underpayment of taxes during the year.
 

rsmath

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forgot to mention don't forget state taxes either if you live in a state with personal income taxes!
 
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Mikey Chlanda

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So I do this on the side and made $9000. So would i pay roughly 15.3% social security than would it be 10% of 9000 because of the bracket? I have a regular job also that get's taxed with each paycheck also. Thanks for your help
The 15.3 social security tax is separate from the Fed income tax. The SS comes off the top - every dollar you net self-empolyed gets taxed at this rate up to $133,000 or so. What income tax bracket you belong depneds on how much you made in other self-employment, mturk, and your day job. It could be 10%, it could be 42% if you're a doc or some other high earner. More liekly somewhere in the middle. You may want to consult with a tax pro before they get uber busy.
Also, the IRS generally issues a penalty if you don't pay most of your tax liability by Jan 31, or don't file quarterlys. You prob. should ask about this too....if you're making 9K off mturk plus a day job, you might need to file quarterlys. Or adjust your witholding at your day job to account for mturk income.
Hope this helps
 

Mikey Chlanda

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forgot to mention don't forget state taxes either if you live in a state with personal income taxes!
And local! If you live in a muncipality of any size, chances are they have an income tax too
 

Michele

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Title: Participate in a 5-min study for academic research about images and music! Get $1.00. | Accept
Requester: Hilke Plassmann [A1IBG0MHMEDOK2] Contact
TV: [Hrly=$11.90] [Pay=Fair] [Approval=~24 hrs] [Comm=Unrated] [Rej=0] [Blk=0]
TO: [Pay=5.00] [Fast=5.00] [Comm=0.00] [Fair=5.00] [Reviews=3] [ToS=1]
TO2: No Reviews
Reward: 1.00
Duration: 20:00
Available: 119
Description: You MUST be over 18 years old to participate in the study; Make sure you have headset or loudspeaker for the music part. Potential $10 bonus if you answer questions about images and music correctly
Qualifications: HIT approval rate (%) GreaterThan 98; Location EqualTo US; Adult Content Qualification EqualTo 1
 

rsmath

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And local! If you live in a muncipality of any size, chances are they have an income tax too
thank you for reminding me i get extra reamed.

while i have no local city or county personal income taxes, i owe gross receipt taxes of almost 8% since my state charges it on goods AND services performed, not just goods.
 
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Michele

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Broken, wrote to requester...irritating. I don't know if people actually test these to make sure they work sometimes.
Title: Participate in a 5-min study for academic research about images and music! Get $1.00. | Accept
Requester: Hilke Plassmann [A1IBG0MHMEDOK2] Contact
TV: [Hrly=$11.90] [Pay=Fair] [Approval=~24 hrs] [Comm=Unrated] [Rej=0] [Blk=0]
TO: [Pay=5.00] [Fast=5.00] [Comm=0.00] [Fair=5.00] [Reviews=3] [ToS=1]
TO2: No Reviews
Reward: 1.00
Duration: 20:00
Available: 119
Description: You MUST be over 18 years old to participate in the study; Make sure you have headset or loudspeaker for the music part. Potential $10 bonus if you answer questions about images and music correctly
Qualifications: HIT approval rate (%) GreaterThan 98; Location EqualTo US; Adult Content Qualification EqualTo 1
 
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sunshinedogs

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Greetings from Amazon Mechanical Turk,

You've received a bonus from Thomas Talhelm for work related to 3AXFSPQOYQYSYZV5KT0W9V44B4AJFZ.
The value of your bonus is: $0.35 USD

The Requester included this note:
Thank you for your careful work on our HIT.

Thanks for being a Worker on Mechanical Turk!

Sincerely,
Amazon Mechanical Turk
https://www.mturk.com
 

Michele

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Title: Study on decision making (~ 22 minutes) | Accept
Requester: Ilja van Beest [A337ZFOSOZ5HD5] Contact
TV: [Hrly=$8.21] [Pay=Fair] [Approval=Unrated] [Comm=Unrated] [Rej=0] [Blk=0]
TO: [Pay=4.36] [Fast=3.57] [Comm=2.00] [Fair=4.14] [Reviews=15] [ToS=0]
TO2: No Reviews
Reward: 2.64
Duration: 45:00
Available: 1
Description: Note: This study entails interaction with other participants. This means that your this study requires your full attention and inmediate completion.
Qualifications: Location In AU, GB, NZ, US; Exc: [-1950304640-267084] DoesNotExist ; Total approved HITs GreaterThanOrEqualTo 100; CR Research Group #2 DoesNotExist ; HIT approval rate (%) GreaterThanOrEqualTo 90
 
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Michele

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Title: Impressions of Politicians(~ 10 minutes) | Accept
Requester: Amanda Mosier [ATHNY50Y7ZSQV] Contact
TV: [Hrly=$25.15] [Pay=Good] [Approval=~24 hrs] [Comm=Unrated] [Rej=0] [Blk=0]
TO: [Pay=5.00] [Fast=0.00] [Comm=0.00] [Fair=5.00] [Reviews=1] [ToS=0]
TO2: No Reviews
Reward: 1.25
Duration: 30:00
Available: 3
Description: survey
Qualifications: Exc: [265417-264828] DoesNotExist ; CR Research Group #1 GreaterThanOrEqualTo 100; Location In US
 

Michele

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Title: Take daily medication? Answer a 5-10 minute survey on health messaging(~ 9 minutes) | Accept
Requester: CAH [AN05FV7XTDOY3] Contact
TV: [Hrly=$22.99] [Pay=Generous] [Approval=~24 hrs] [Comm=Unrated] [Rej=1] [Blk=0]
TO: [Pay=3.58] [Fast=3.67] [Comm=1.36] [Fair=4.53] [Reviews=47] [ToS=2]
TO2: No Reviews
Reward: 1.66
Duration: 1:00:00
Available: 93
Description: People who take at least one medication daily will provide some information on their own health, then read and rate messages from a medication reminder program.
Qualifications: Not available from queue exports.
 
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