Suppose, you pulled in roughly $2,800 a month from independent contractor work — $700 weekly of income that doesn’t have taxes taken out from an employer and works out to be $36,400, a small fortune for some. A good rule of thumb is to put aside 30 percent of monthly income for taxes, so you don’t get yourself caught when paying quarterly or annual taxes.
$2,800 minus $840 (the 30 percent reserved for taxes) equals $1,960.
Mayor Michael Nutter surrounded himself with police officers — and the Northeast Philadelphia residents that lean on them — to continue sending his message to Harrisburg yesterday that the city will be in dire straits without action from lawmakers.
Read the rest here. I also wrote a small sidebar item on some reaction from neighborhood onlookers.
Newspapers and many magazines don’t cover freelance expenses, like telephone calls.
What gives? Doing some quick math – and the 15 cents per minute phone call I use from my cell-phone plan to charge those publications that do accept my charges – I expect to spend at the very least more than one hour on the phone per story. Yeah, that’s about $10.
Ten bucks isn’t a chunk of change in the eyes of even the most crippled newspaper, but that does mean I spent more than $100 in additional phone charges last month.