It depends on many factors:
How much Taxable Income (which differs to other types of income) you make.
How you may file - married, head of household, single, to name a few.
How many deductions you may have: children, and other people you support, amount of interest you pay on a home, or expenses to earn an income, or medical costs, are just a few of those.
How many exemptions you may have: disabilities, age, sources and types of income are just a few of those.
And there are many other considerations.
All will determine what tax you pay.
If I retire and my income is $4500. a month, how much federal income tax will I pay?
How much federal income tax is paid on $9600.00
No Federal income tax due on inheritance.
If your federal marginal income tax rate is 15 % and you have 1000 of interest income for the year on the 12 month CD the federal income tax amount would be 150 of federal income tax on the 1000 of interest income.
These are the tex tables that show how much federal tax in 2012 you should pay relative to your income. These taxes are based upon your income and filing status
what do large US corporations pay in Federal income tax
It depends on how much your AGI is. Most people on disability only have that as their income so they pay no tax. If you also have a pension, there is a good likelihood that you will have to pay tax on it.
The settlement will be listed as income on your Federal tax return. You will pay the tax percentage of the bracket you are in that year.
The Federal income tax is a progressive tax because the more a person makes in revenue, the more tax they will have to pay. The tax level or percentage is higher for those with a higher income, too.
Multiply the 40000 by your marginal tax rate and that would be the amount of federal income taxes that would be due on the 40000 taxable amount. 40000 X 15% = 6000 of federal income tax
They don't have to pay federal income taxes.
Yes.