How Much Money Do I Need To Make To Be Self-Employed?

How Much Money Do I Need To Make To Be Self-Employed?
Dr. Friday Tax Tips - One Minute Mo...

 
 
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Dr. Friday 0:00
Good day. I’m Dr. Friday president of Dr. Friday’s tax and financial firm. To get more info go to www.drfriday.com. This is a one-minute moment.

Dr. Friday 0:12
I think this is always a great question. Someone sent in a question saying, “My son is a newspaper carrier. I would like to know if his income is subjected to Social Security and Medicare and if you need to file a Schedule C.” That’s a great question because I don’t know about a lot of people but I did grass cutting as a kid, I did lawn care, I did newspaper delivery, and I really don’t know what my parents did in those days. I will tell you if this person makes more than $600 they are considered self-employed. So you might want to make sure that that income is being reported properly and it would be on a schedule C. If you need help determining this, call 615-367-0819.

Announcer 0:52
You can catch the Dr. Friday call-in show live every Saturday afternoon from 2 pm to 3 pm right here on 99.7 WTN.