Form 1099 vs Deposits
On the Form 1099 I received from Chesapeake Operating, LLC shows a nonemployee compensation of $1,545.20 ; explanation on the back of the form shows $501.73 for Deductions and $96.57 for Production Tax ending with a Net of $946.90. This figure exceeds my direct deposits by $325.65. Can someone explain this Common Core Math to me.
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