How do you calculate taxes as a contract worker?

Contract workers not only have different tax responsibilities, they also have different deductions available to them. Before you calculate your taxes, you need to determine if you qualify as a contract worker.

Why Do Americans Have to Pay Taxes?

Even before you enter the workforce, many are forced to pay taxes when you buy a candy bar with your birthday money. Once you do enter the workforce, there are likely more taxes you have to pay, and you continue to pay taxes as you own more things l...

The Difference Between Claiming 1 and 0 on Your Taxes

Filing taxes every year is an important obligation. If it’s done incorrectly, you could have too much taxes withheld or too little, which determines whether you’ll get a refund or not. So, what’s the difference between claiming 1 and 0 on taxes...

Why Are Taxes Legal?

Taxes are legal because they are necessary for a modern society like the United States to function. Taxes also try and insure that everyone in the country receives a basic standard of living.

Calculating State Taxes

Paying taxes has always been a way for Americans to contribute to the society they live in. When it comes to paying taxes there are two major ones, federal tax and state tax. Many Americans might be curious about how much state tax they are paying/ h...

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DISCLOSURES

LoanMart may act as the broker for the loan and may not be the direct lender. Loan proceeds are intended primarily for personal, family and household purposes. LoanMart does not offer or service student loans. California loans are made or arranged pursuant to a California Financing Law License. See State Disclosures for additional disclosures.

1Credit approval is subject to LoanMart’s credit criteria standards. Actual loan amount, term, and Annual Percentage Rate of the loan that a consumer qualifies for may vary by applicant. Minimum loan amounts vary by state. Consumers need to demonstrate ability to repay the loan.

2Based on consumers who received a loan from February 2002 to October 2018.

3Application processes could take five (5) minutes to complete. Upon completion, a conditional approval may be given pending review of documentation. Funding time is based on the time from final approval following receipt and review of all required documents and signing, prior to 5PM PST on a business day.

4To exercise the right to rescind, the consumer(s) must notify LoanMart in writing by midnight on the sixth calendar day from obtaining the loan. Within one business day from notice of rescission, the consumer(s) must return any monies received and fees paid on behalf of the consumer(s) by certified funds.

5LoanMart recommends and encourages customers to pay early and often and more in order to avoid additional finance charges.

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