How to figure out how much tax to take out of my check

Question

I work for a web cam modeling company and I have to take out my own taxes from the paychecks I receive so I was wondering how much should I take out. I make about $700.00 per pay check.. So is there like a certain percentage I should set aside every month?

Oh please don't tell me the dangers of webcam or selling s*x. I know the risks, I'm not a little girl. I just need tax help Thanks!

Answer 1

You don't say how often you get paid, and that makes a big difference.  If it's weekly, and that's your only income,  you should make quarterly payments to the IRS of around 30 percent to cover income and self-employment taxes .

If your state has a state income tax, then you should be making quarterly payments there too.  Since tax rates are so different in different states, no way to tell you a percent there without knowing where you are.

Answer 2

What state fo you live in, are you in the U.S? We cant help you with this question without knowing those details first.