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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Pete Mimmack who wrote (3732)	9/9/1999 7:03:00 PM
From: Robert O	Respond to of 18137

As usual, you have to go to the private sector to get good info. I'm gonna go with Schwartz & Schwartz, PC since that sounds doubly reputable. webcom.com 'For 1999, the maximum amount of social security taxes that a person is subject to is $4,501.20 ($72,600 * 6.2%). If you had more than that amount withheld from you salaries, the excess amount withheld will be reflected on page 2 of your Form 1040 as "Excess social security taxes withheld" and will be added to your federal income tax withheld to determine total payments made during the year.' There's some pretty good guidance on the question of 'being in business' for yourself at this link as well... 'Per the instructions pertaining to the Schedule C: An activity qualifies as a business if your primary purpose for engaging in the activity is for income or profit and you are involved in this activity with continuity and regularity. For example, a sporadic activity or hobby does not qualify as a business.'