The church that I do childcare for has decided to make me a regular W2 employee. I only make $25/week and they're going to work out the taxes so I get $25/week. I have a W4 to take into them next week along with my passport.
I'm wondering if I should change my regular job W4 from 2 back to 1. I don't know what effect this little bit of extra will have on my taxes.
Now I'm only going to make about $400 this year from them. It's not enough to push me into another tax bracket. And I still have student loan interest that will help balance things out. I just wish I knew for sure. I'm fairly certain I won't have to owe anything still though.
My Tuesday deposit right now looks like:
5.00 Pinecone
30.00 Paycheck
25.00 Babysitting
50.00 Childcare on Sunday
------
110.00 Confirmed
Potential:
30.00 Childcare on Monday
I'm ready for it to be Tuesday so I can make a payment on CC2 already!
I'm going to be a regular W2 employee
October 23rd, 2006 at 05:33 am