1099 income, ballpark on taxes
Trying to figure out about how much I’d take home with a 1099 gig in florida. Could y’all help me?
500k 1099 income per year
I’d have to pay:
Health insurance (approx 25k per year)
Malpractice (approx 35k per year?)
401k (66k per year)
Figure these items are deductible and lower my taxable income to approx 374,000. Then I’m plugging this into an online tax calculator and putting 374k in as my 1099 income, my tax liability is about 105k. Is this about right?
thanks!
I toss around the idea...
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Source: Student Doctor Network - Category: Universities & Medical Training Authors: fittipaldi1of1 Tags: Anesthesiology Source Type: forums
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