How does google do taxes??

[BOA]

I am new and was wondering how they do it... do they take it out before they send it to you... or do you have to do it yourself?... thanks :)

[cormac]

You need to report your earnings depending on your country.

[flybuzz]

do it yourself. If you make more than $600 or so just report it or pay someone to do it for you.

[BOA]

so you dont have to report it if you dont make over 600$?

[wormser]

Google won't have to send you a 1099 if you earn less than $600. You have to report it either way. Also save a good portion of what you make cause self employed people have to pay the portion of taxes that employers usually pay too.

[BOA]

how much ussually gets taken out?

[corinaw]

Google takes out $0. You have to report all the earnings, and are taxed accordingly by your government.

[BOA]

well i'm in the united states... so how much do they usually take out?

[corinaw]

Sorry, I hand it all of to my accountant, so I do not have specifics. But It depends on your total earnings as to which tax bracket you are in.

Say you made 50k in taxable wages, and 10k from adsense. Your taxable wages would be $60k, and your total federal withholding due is based on all those wages.

You will owe taxes on your adsense earnings, but whether or not you have taxes due at the end of the year depends on your specific earnings situation (and how much you already sent in to the government all ready).

I believe the federal witholding tax rates (based on income level) are 10, 15, 25, 28, 33 and 35 percent.

[MizzGlass]

you have to do it yourself during tax time so save those bank records and receipts or the big bad IRS guys are gonna get you