As a hypothetical let’s say you are a State of Maryland resident and have an eBay hobby side business and you sell $ 100,000 worth of product annually on eBay. PayPal generates a 1099 that says you have 100,000 in income paid by Paypal to your bank account to the IRS. Your cost of goods and various selling expenses total 70,000 so you net $ 30,000. and this is what will be on your tax return.
You have another source of income via your “real” job as an independent contractor/sales professional that nets you $ 50,000 in income paid through a corporation you have formed.
As a projection with respect to the eBay income which does not go through your corporation but is paid directly to your personal bank account via PayPal.
What would federal IRS taxes be on the eBay income?
What would state of MD income taxes be on the eBay income?
What will your owed social security taxes be on the eBay income?
What will your State of MD unemployment taxes be on the eBay income?