Just in case you were not able to use the chat - I am switching to Q&A mode and posting the answer below.
Please feel free to communicate if you need any clarification or have other tax related issues.
The issue is that compensation reported on 1099MISC form is classified as your self-employment income. Self-employment income is subject of income taxes (federal and state) based on your tax bracket AND additional self-employment taxes 15.6%.
When you receive wages reportable on W2 form - employment taxes are paid partially by your employer and partially by you as withheld from wages every paycheck. When you are self-employed - there is no withholding - and as a self-employed person - you are the only responsible for self-employment taxes which are equivalent of employment taxes.
That is explanation of your situation. What to do now? As a self-employed - you are considered as running your own business - and you ate taxed not on the gross income - but on your net income after all allowable deductions.
You may deduct all relevant business costs - for instance the cost of your tools, special clothes, etc. Such deductions will help you to reduce your net business income - and both - your income tax liability and self-employment tax liability will be reduced.
Your activity is treated as having your own business - you may report all business income and expenses -on the schedule C -http://www.irs
The net income (after deductions)will be reported on the form 1040 line 12 - http://www.irs.gov/pub/irs-pdf/f1040.pdf
If the business has net income over $400, it may be required to file Schedule SE, Self-Employment Tax and net income is likely self-employment income and 15.3% self-employment tax would be required.
Self-employment taxes from schedule SE will go to the form 1040 line 56 - http://www.irs.gov/pub/irs-pdf/f1040.pdf
Also - you will deduct half of self-employment taxes on the line 27.
Generally - that all you needs for income tax purposes . Please review all possible deductions - that might help to reduce income tax liability.