0
How does the federal government determine how much income tax a person is to pay?
Wiki User
∙ 14y ago
Taxation is based on the Tax Code, the laws that have been passed. In general, it is a percentage of income, with the higher incomes paying a higher percentage, up to 50%. Certain things and costs can be deducted from income and certain items are a credit against taxes.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
Which branch of philosophy is likely related to a person completing and sending his or her income taxes to the federal government by april15?
Ethics is the branch of philosophy most likely related to completing and sending income taxes, as it involves questions about what is morally right or wrong in terms of fulfilling one's civic duty to contribute to the government through taxation.
Taxable income is used to compute a person's?
Taxable income is the amount on your 1040 federal income tax return page 2 Line 43 and is used to determine the correct amount of your federal income tax liability for the tax year 2010 after your income tax has been completed correctly to line 44 $$$$????
A sum of money placed on a person property or income of an individual by government?
The sum of money placed on a persons property or income by the government is referred to as taxes. In the United States, these taxes are federal and state taxes.
Which branch of philosophy is likely related to a person completing and sending his or her income taxes to the federal government by April 15?
This action of completing and sending income taxes to the federal government by April 15 is more closely related to political philosophy, as it involves concepts of government authority, taxation, and civic duty.
What is one reason the federal government collects income taxes from every paycheck as a person earns wages?
so that the government can pay bills as they come due
Which of these was not part of the Social Security Act?
American citizens' healthcare paid for by the Federal government.
Something People Who Work Have To Pay?
Income tax is something that every person who works has to pay. The amount you pay will depend on the job you have and how much money you earn. Income tax is sent in to the state you live in as well as the federal government. At the end of the year an income tax statement will be sent home with you from work or you will receive it in the mail. This statement will be used to determine if you will receive a tax refund when you file your taxes.
Do person receiving ssi have to file tax return?
If SSI is the only income that you and your spouse, if married, receive then you will not be required to file an income tax return for the Federal Government.
Do NY pay federal taxes on unemployment?
Unemployment benefits are subject to federal income tax in every state. However, in 2009, the first $2400 per person is exempt from federal income tax.
How much federal income tax for a single person is deducted from the paycheck?
8.75%
What is it when a portion of a person's personal income is paid to the government?
If your employer pays part of your personal income directly to the government, that is called withholding taxes.
At what age does a person no longer have to pay federal income taxes?
No such thing...young or old...the tax is based on income and your age is irrelevant.
