u/Next-Following3260

Best tax software or online website to estimate taxes?

From Jan - May I made $2,148.71 through Varsity and have paid IRS $400. This week I'm getting $399 and will be depositing $450 to the IRS, but I want to make sure if the estimated taxes are correct.

I didn't realize that tutoring is taxed very high in the US and its actually discouraging. I am trying to factor in internet costs, space costs, buying materials (test prep books and pen pad). When I looked up online, it seems like I should be paying 36% in federal + self taxes. I have still not paid my state taxes. Combining my state taxes, the total amount in taxes I would be paying is over 40%.

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u/Next-Following3260 — 3 days ago

Tax Deductions and IRS filing?

I've only started this whole tutoring since January and now I want to quit but only after I paid back all the taxes. VarsityTutors doesn't deduct taxes for you so I've started paying directly to the IRS.

Running the numbers I've made a little about $2,793 and most of it literally came from last month all of the AP exam prep that clients were asking for. I've paid the IRS only $400 so far but the total amount that I owe to the IRS is $965 so I need to come up with $565.

The month of May seems kind of crazy at Varsity. I've been getting multiple requests for 2-hour block sessions and I'm kind of out of breath. What started as a hobby now got intense.

Just wondering how other tutors deal with the tax adjustments stress. I will essentially fork over 30% of my earnings just for taxes. I have given a lot of thought over quitting, because this is mentally taxing. I don't get paid for prepping. Then there's the step-by-step derivations, conceptual explanations and AP-styled reasoning, that's definitely going to mentally fatigue most people. That $18/hr seems like a burden now and after tax, we're talking $12-14/hr and all that to give a $90 lesson.

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u/Next-Following3260 — 4 days ago

Son is interested, can someone explain admissions?

My son is interested in applying here but wanted to know if the admissions is relatively straightforward and based on grades.

I looked at the profile of admitted and they're pretty impressive and lines up well with CU Boulder's engineering cohort. But I was wondering if Mines is considered more fair than CU in this regard. The school counsellor said that last year the admit rate for Boulder freshmen engineering dropped to 60% and the admitted profile is 3.97 - 4.42 (weighted) while Mines is 3.83 - 4.00 (unweighted). She did state that Boulder's engineering school looks at the SAT math (>700) even though they are test optional.

He has a 4.1 weighted and is active in sports and will be taking the AP exams next week. Just wondering how that performance on AP Calculus AB will be seen by admissions folks.

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u/Next-Following3260 — 5 days ago

Can you negotiate salary over at VarsityTutors?

I've been tutoring 4 students over at VarsityTutors in AP Calculus BC for the past four months and I've been a paid a flat $18/hr. My only client where this changes is an AB student but she has an incentives package so its $40/hr.

For context, I had a 5 in AP Calculus AB exam years ago and have started tutoring to help people but the longer I've done it, the more I realize that the pay doesn't match the effort. The weird part is that the parents are paying $85-$95 per session but the tutor is getting $18.

One of my client has a parent who messages me a lot about their kid's BC performance. She emphasizes that her son is applying to selective colleges next year and she wants a strong score like a 4 or 5. I don't think this parent realizes that I'm being paid $18/hr and I also don't like the pressure she's putting on me for those exam results.

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u/Next-Following3260 — 6 days ago
▲ 11 r/USC

I'll be an online student but curious to know if the Viterbi name carries any weight for industries out in the West Coast. In the state I currently live in, they don't see what the big deal is but if you mention Georgia Tech, Virginia Tech, North Carolina State, Clemson, the University of South Carolina (UofSC), these are all massively well known for engineering.

Anyway, the question is about masters vs experience. Even in my current job, they won't give someone an interview because they went to a well known school in the area. They want to see past projects in their previous company and the real prestige is company name. In California, I can see possibly USC's reputation being enough to compensate for a lack of specialized experience. Wondering if anyone can say from experience that this is true?

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u/Next-Following3260 — 8 days ago

My clients that I'm tutoring are taking these high stakes exams in AP Calculus AB and BC. They've invested thousands into the VarsityTutors and I'm unsure about their actual performance.

One student will be taking the AB exam. She still struggles with the FRQ format. Her grasp on solving the problems independently from instruction is shaky. I've taught her all of the concepts from derivatives, integrals, Reimann sums and elementary differential equations (separation of variables) and applications (related rates, volumes of revolution using the disc method). She still forgets about trig and inverse trig, and I'm worried. Today I asked her to solve for Integral (e^(tan(x))/cos^2(x)) dx and she couldn't see that sec^2(x) = 1/cos^2(x). She fumbled a little bit but finally realized that u = tan(x) and du = sec^2(x) dx. She has a solid B+ in the class and has been getting high 80s and 90s (predicted exam performance).

My other student is taking the BC exam. She is in worse shape than the AB student. This client struggles with elementary derivative methods like the chain rule. Her father has no idea that his daughter is completely lost, yet he has this unrealistic expectation that the tutoring should get her a passing 3. This is impossible given that she can't even answer a single FRQ without significant help. She is also forgetful so I'm not exactly sure if the tutoring is helping. She has a 54% but that is actually a C at her high school.

My only student that I have confidence in has been working independently. He understands Taylor/McLaurin series and asks me for math methods in dealing with polar coordinates. I know his parents wouldn't blame me because it looks like he'll get at least a 3.

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u/Next-Following3260 — 10 days ago

I'm doing VarsityTutors and I don't like the platform at all. They give you a 1099-NEC and you have to file for taxes to IRS quarterly through 1040-ES. If you don't come tax returns you pay what you owe + penalties.

I've been making roughly about $400 per month (gross without taxes) and this month it came to $700 (gross, had to pay the IRS $250). I don't like the fact that its just 18/hr and you put in a lot of effort for the presentation.

Currently tutoring in AP Calculus AB, BC, AP Precal and Precal Honors. Looking for an alternative website with easy entry and fair wages and no 1099-NEC. I have a B.S. in an engineering field, currently doing an M.S. in another engineering field from a T30 university.

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u/Next-Following3260 — 12 days ago
▲ 2 r/USC

I've never been to the USC campus but I have heard a lot about their reputation in STEM. I live in another part of the US that has never heard of this school and even my manager is asking why I didn't pursue a well known online program like Purdue, Georgia Tech and Columbia. USC is barely recognizable and in the context of elite engineering, its not the first school that anyone thinks of. This sounds like a contradiction as the school overall and engineering program is top 30 but most people living in other states don't have that same view.

But if I wanted to go back to California, I can see the jobs networking being an advantage. Wanted to ask alumni in different states if there was any difference in jobs employment or was it mainly just your job experience that helped you?

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u/Next-Following3260 — 18 days ago