Why I have to pay $2000 and $973 for SS and Medicare?

Question by wright_0048: Why I have to pay 00 and 3 for SS and Medicare?
For 2 years I have been an independent contractor and get 1099-Misc forms from the company. Last year I entered the amount on the “other income” line and paid a couple of hundred dollars in taxes.
This year, I used the same software -Taxact – and there was no “other income” question. The software had a “are you a business” question and I went through the questions and have to pay $ 2000 in taxes and $ 973 in SS and medicare taxes.
Did the IRS change their policy? On the 1040 form there is a line for “other income”. Should I just scrap Tax act and do the taxes manually and add the $ 7000 income on “other income” line?

Best answer:

Answer by paulywog
You will be grateful when you pay for ss.Because if you get hurt someday and can`t work it will be there for you.Never say never.Sorry I can`t answer your tax question.

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Why I have to pay $2000 and $973 for SS and Medicare?

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