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How much do you take out for taxes (those that operate a small business)?

How much do you put away to take out for taxes after jobs from your small business?

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SparklingHope

Asked by SparklingHope at 12:25 PM on Dec. 20, 2010 in Money & Work

Level 18 (4,932 Credits)
Answers (2)
  • Have your accountant figure your taxes on a quarterly basis and pay them accordingly.
    tasches

    Answer by tasches at 7:20 PM on Dec. 20, 2010

  • The amount of employment taxes taken out would be determined by the number of withholdings on their w-4 form. Sales taxes would be determined by the sales tax rate in your county.
    HotMama330

    Answer by HotMama330 at 1:36 PM on Dec. 21, 2010

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