Can someone explain to me the tax implications of the following scenario:
A single, male with no dependants makes 40,000 online. He will be recieving 1099s from affiliate companies. What % of the 40,000 would he have to pay as an individual? A sole proprietor?
If I were to form a corp., what % would I then have to pay? Thanks
A single, male with no dependants makes 40,000 online. He will be recieving 1099s from affiliate companies. What % of the 40,000 would he have to pay as an individual? A sole proprietor?
If I were to form a corp., what % would I then have to pay? Thanks