I'm heading back to college next week. I've just finished travelling for the summer so I haven't been working. I recently applied for a freelance writing position and it's been offered to me. I'd be able to do it while I'm attending college which is great. The job is freelance and I'd be employed as a self-contractor. I would be making around €2000 between now and the start of November.
I don't have a lot of savings and I'm just wondering about paying tax on my earnings. According to a tax calculator, I'd have to pay around €400 tax in October on the €2000 I make between now and then. Is this correct? I don't think I'll be able to pay the tax since I'll only be working a couple of months and won't be able to save up much with costs of rent and college.
I'm just wondering whether or not I should take the job because I don't know if I'll be able to afford the tax.
I don't have a lot of savings and I'm just wondering about paying tax on my earnings. According to a tax calculator, I'd have to pay around €400 tax in October on the €2000 I make between now and then. Is this correct? I don't think I'll be able to pay the tax since I'll only be working a couple of months and won't be able to save up much with costs of rent and college.
I'm just wondering whether or not I should take the job because I don't know if I'll be able to afford the tax.