Thats what my husband does..head frozen. He was promoted after about a yr. working there,also. He makes 13.65,but like I said, I think pay depends on where you live/what contract you're under. He works days,7-330,b/c they say he has to be there to put his orders on. So he has to work around all the customers.
Generally, you donât have to pay an underpayment penalty if: 1  You owe less than $1,000 in tax after subtracting withholding. 2  You paid at least 90% of your total tax through withholding and/or estimated tax payments; OR what you paid in tax for 2014 is equal to 100% of your 2013 taxes.nswer: Any underpayment penalty is calculated based on your income, withholding, credits, etc. that you have entered. TaxACT calculates this amount on Form 2210 (or Form 2210-F for farmers and fishermen).
Penalty Calculation for Underpayment of Estimated Taxes. The IRS waives the under-estimated penalty if you come within 10 percent of the correct payment. If you're earning money from an employer, you pay income taxes along the way through withholding. But if you also earn non-wage income, you may need to pay estimated taxes as well. Every three months, millions of people have to guess the right amount of money to send to the IRS to keep current on their tax bill. If you under-estimate, there could be an IRS penalty looming.