2007-03-14 07:45:30 · 7 answers · asked by teacherread 1 in Business & Finance ➔ Taxes ➔ United States
Is this your only income? Did you receive a W2 or a 1099?
If it was a W2 you are not required to file.
If it was a 1099 then you are required to file a tax return. The income would be considered self employment income and would go on a Schedule C and the self employment tax would be calculated on the Schedule SE. Don't forget to subtract out any expenses that you had to pay out of your own pocket that you were not reimbursed for. The numbers are the brought over to the 1040.
2007-03-14 08:05:59 · answer #1 · answered by R Worth 4 · 3⤊ 0⤋
The church you work for made an election to not withhold Social Security and Medicare taxes because of the tenants of their religion. Unfortunately, that leaves you to pay those taxes.
As far as why there was not any income tax withholdings depends on two different things. Either you did not make enough within a pay period for them to withhold or they confused their election in not paying social security and Medicare taxes with an election to have no withholdings (this election does not exist even though some churches think it does). Check with the churches payroll and see which it is.
If as a church employee that does not withhold social security and Medicare taxes and you make more than $108.28 in wages from that job in one year than you are required to file Form 1040 with the long version of Schedule SE. Also you probably will qualify for the Earned Income Credit which will take the bite out of paying the SE tax.
2007-03-14 08:17:02 · answer #2 · answered by jks_mi 3 · 0⤊ 2⤋
you're required to checklist the earnings - no count in case you gained a W-2, a 1099, or no type in any respect. this is dealt with as 'self-employment' earnings and further on your different earnings for 'earnings tax' purposes. Self-employment (social protection & medicare) taxes additionally are due (15.3%). Use schedule 'C' or 'C-EZ' and schedule 'SE' to parent tax and checklist the earnings. despite in case you have not the different earnings, it is going to be suggested (no count if this is over $4 hundred.00). while you're seen a 'church worker', use the long schedule SE.
2016-12-18 13:37:02 · answer #3 · answered by Anonymous · 0⤊ 0⤋
About two hundred; less because you work at a church. File the long form 1040 with schedule C and schedule SE, these provide deductions which can really help you if you have already paid tax through a W2 job.
2007-03-14 07:56:26 · answer #4 · answered by Tim O 5 · 0⤊ 2⤋
If that is all the income that you had recieved for the year then you will not owe anything. You don't even need to file a tax return if that is all the income you have. There is no tax liability for that amount or anything under 6000.
2007-03-14 07:49:48 · answer #5 · answered by Anonymous · 0⤊ 4⤋
$122.40 Fica, state and fed depend on married, single, kids, dependents.. etc. give more facts.
2007-03-14 07:48:18 · answer #6 · answered by chellimerrett 2 · 0⤊ 4⤋
$496.00 ( state and federal )
2007-03-14 07:55:18 · answer #7 · answered by Anonymous · 0⤊ 3⤋