Is $367 a lot of money? Where do you live? I live with my parents without any expenses other than refill my car's deposit to go to "work" (I'm a basketball coach) to win nearby the double of your income, and I can't say that is enough for me, it's really nothing!
Here in Spain you have to pay multiple taxes for being individual entepreneur and for sure is more than $1200 per month. I imagine there is something similar in other countries, at least yours...
The taxes probably wouldn't apply to that amount since it's so significantly under a decent living wage in the USA that the tax rate would be effectively zero It's basically an amount that's practically impossible to live on if you're responsible for paying for your own room, food, electricity and other utilities.