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TomCopeland 08:29 AM 01-26-2011
It's difficult to know what percentage of your income to set aside for taxes because everyone's business and personal lives are different. As a rough rule of thumb I would set aside 20% of your gross income (parent fees plus food program reimbursements). This should cover you for federal income taxes and social security taxes. You need to set aside more for state income taxes.
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