Accounting & Analytics · Taxation

The Gig Worker Tax Year

1099 companion to 881 (Your First Paycheck). Sam Reyes opens TurboTax on April 14, 2026 to a $4,082 federal bill.

4 rounds MBA & Masters English, Español

Preview

About this simulation

1099 companion to 881 (Your First Paycheck). Sam Reyes opens TurboTax on April 14, 2026 to a $4,082 federal bill.

Across four rounds — Schedule C reconstruction, full tax math (SE tax 15.3%, the 92.35% adjustment, half-of-SE-tax deduction, QBI 199A), 2026 quarterly estimated tax setup, and the retirement-plus-ACA system build — learners decode why the 1099 worker pays the entire FICA bill, how to defend deductions without inviting an audit, and how to break the April-surprise cycle.

Designed for high-school CTE Personal Finance and entry-college gig-economy first-timers.

Who it is for

An intermediate simulation for participants who already know the core concepts of the subject, designed for master's and MBA programmes.

How a session runs

  1. The instructor creates a session from the Eureka dashboard and invites the participants.
  2. Participants play 4 rounds. In each one they submit their decisions and the simulation calculates the results.
  3. The simulation can be run in English, Español.
  4. The instructor follows each participant's progress and results from the dashboard, and uses the class results for the debrief.

Decisions participants make

The decisions participants make during the simulation:

  • Vehicle Expense Method
  • Home Office Deduction
  • Phone, Internet, Software & Fees
  • Apply 92.35% net-earnings adjustment (IRC §1402(a)(12))
  • Take half-of-SE-tax above-the-line deduction (IRC §164(f))
  • Apply 20% QBI deduction (Section 199A)
  • 2026 Safe-Harbor Strategy
  • Auto-Sweep Percentage of Each 1099 Deposit
  • Payment Mechanism
  • Retirement Vehicle

What participants track

What participants follow on screen as the rounds go by:

  • Year Walkthrough
  • Outcomes Across Rounds

Subjects covered

Designed for courses in Taxation.

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