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# How much federal income tax will you pay if you make 150000 and file married with 5 dependents?

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If your taxable income is at least \$100,000, you generally have to figure your taxes using a Tax Computation Worksheet instead of the Tax Tables. Your \$150,000 gross income is reduced by standard deduction of \$10,900 in 2008 (\$11,400 in 2009) and personal/dependent exemptions of \$24,500 (\$25,550 in 2009) to taxable income of \$114,600 (\$138,600 in 2009).

Then go to Section B Married Filing Jointly/Qualifying Widow(er) for the Rate, which is 25 percent (.25), minus the Subtraction Amount of \$7,313 (\$7,625 in 2009). The result is your tax of \$21,337 (\$20,638 in 2009).

Your tax is reduced by any income tax that was withheld. Also, if you itemized instead of taking the standard deduction, your taxable income would be lower, which then lowers your tax.
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# What is your monthly after-tax income if you make 150000 a year?

Answer   The amount one pays as income tax depends on their TAXABLE income. It is a percentage of that income. The exact percentage used depends on the level of that inc

# How much federal income tax do you have to pay?

  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

# Do you have to pay federal income tax?

Yes. In the United States, the Federal Government pay levy taxes on income. As the initial proposition for what became Amendment XVI had no time limit, and since more than

# When do you have to pay federal income tax?

  Your taxes must be paid through out the year. That is, by either payroll withholding or making estimated payments on your estimated amount due quarterly...with a Form 10

# If you file three dependents on income tax how much money are you eligible to get for each dependent?

  The "standard deduction" is \$5150 per person. That is the amount you reduce taxable income by...the amount that saves you depends on your own personal tax situation and

# How much federal income tax will you pay if you make 37000 with no dependents?

Much more goes into the determination. See, that's why there are all those companies and software sellers with programs, etc, etc that do this for people exist... Virtually no

# How much federal and California state tax to pay filing jointly income 91000?

You are the only one that has all of the necessary information that will have to be reported on your 1040 FEDERAL income tax return for the year in order to do the calculation

# If a child is claimed as a dependent how much can he earn before he is required to file a federal income tax form?

Assuming this child is unmarried, under 65, and can be claimed as a dependent on someone else's income tax return (for example, his parents' income tax return), a federal retu

# How much federal tax you have to pay in FL for 82000 income?

You are the only one that has all of the necessary information that will have to be reported on your 1040 FEDERAL income tax return for the year in order to do the calculation

# How much income do you have to earn before you pay federal income tax?

>   Self-employed, any age: \$400 Children and Teens classified as a dependent: \$5,700 Single, under 65: \$9,350 Single, over 65: \$10,750 Married, filing jointly, both sp

# Do you have to file your Federal income taxes?

Yes if the meet the must file a tax return requirement of having to file your tax return. A self employed taxpayer would be required to file an income tax return if business

# When do you not have to file Federal Income tax?

No reportable taxable income to be entered on a income tax return would be a good start of not being required to file a federal income tax return.

# Do you have to file federal income tax?

You would be the only one that will have all of the necessary information to determine this answer. A self employed taxpayer would be required to file an income tax return i

# If you pay your minor dependent to do some piecework for your home business will he have to file income taxes?

Yes this could be possible.

# Mary Ann makes a weekly salary of 139.00 with zero dependents How much federal income tax will be deducted from her check?

You do not have a standard tax deduction amount for this purpose. Nothing is withheld after she has the NET take home paycheck issued to her in her hand. The employer payroll

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# How much do you have to make to pay income taxes?

Simple Common Sense: It really makes no difference since the only time you actually do WANT to file is when the IRS says you don't have to! They don't do that because it's