How much is California state tax?
Taxed both Federally and State at your ordinary income rate, it's just like any other income, whatever that rate for you would be - (depends on many factors, dedcutions, other… income, other expenses, businesses, etc).. The State and Fed will withhold an amount of the payout as an estimated tax (like payroll withholding), until the actual tax for that person, that year is determined.
California no longer collects inheritance tax. This law wasabolished in June of 1982. Any inheritance received is tax free inthis state.
The property tax in California can vary from year to year. However, to calculate the California property tax for one's home is quite simple. The tax can not exceed more than… 1% of the home's value and can not increase more than 2% from the previous year.
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… for the numbers that you are looking for. After you complete your 1040 federal income tax return correctly to your TAXABLE INCOME and page 2 lines 43 and Line 44 you will know the amount of your income liability before any credits or other taxes. Continue from Line 45 to the last lines at the bottom of the 1040 page 2 and then you will know how much taxes you will have to pay if any after you complete your 1040 income tax return correctly.
No such thing..no maximum on how much money you can make, no max on how much tax you can pay
California has many different kinds of taxes : income taxes sales taxes property taxes cigarette taxes gasoline taxes vehicle taxes many more that I can't think… of offhand
\n"Franchise tax board"
Refer to this chart for 2008: http://www.ftb.ca.gov/forms/2008/08_540file.pdf Or use this interactive tool: http://www.ftb.ca.gov/individuals/FileRtn/index.shtml
Depending on where you live or where you buy something it is 8%+. Some cities/counties are almost 10% these days.
Most grocery items are not taxed in the State of California.
You do NOT have any taxes, or other amounts that will be taken out of your NET take home paycheck after it is issued to you. The employer payroll department would be the onl…y one that should be able to tell you how much they will be required to withhold from your GROSS salary, wages, etc. for all of the different taxes and other amounts that they are required to withhold from your gross pay before they issue you the NET take home paycheck. ans I have no idea why the above contributor thinks you asked anything that has to do with after a "net" pay, your question is clearly how to determine going from gross to net, as it concerns taxes. (Many other things may be taken out of pay, even "net" pay, like automatic deductions to savings/credit union, etc, etc). There is no specific fixed amount or percent. Two people working at the same job, making the same wage may (an almost always do) have much different amounts required to be withheld. THE AMOUNT WITHHELD IS DETERMINED BY YOU...NOT YOUR EMPLOYER, THE IRS OR ANYONE ELSE. It depends on many, many things...not the least of which is what you consider tax. Many people group all their withholdings as a type of tax, but many may not be. Workers Comp, Unemployment, even FICA are all really more an insurance payment than a withholding against an income tax. The amount of tax withheld depends obviously o which state (or even city) your in, the amount of income your projected on earning over the year, (which helps determine your tax bracket and the percent that may be required), as well as your filing status, number of dependents and other deductions (like interest on a mortgage) or contributions to 401K, or medical and other benefits you selected, etc., etc. All these things can be adjusted for your circumstances by properly and completely filling out (or changing) the Form W-4 all employers ask you to. The variations are so numerous that again, it is fair to say that it would be uncommon for 2 people, working at the same job making the same salary would have the same amount withheld. There are even a number of different legal ways for the payroll provider to calculate the amount to withhold considering all the above...but overall they make only a small difference. Remember, anything withheld is just being done as an estimated installment payment toward whatever tax, if any, you do ultimately owe. If too much is withheld, it is refunded. (Too little, and you could pay a penalty and interest charges). Again, adjusting your W-4 is the way to correct for any of these circumstances. Just follow the instructions and examples for that form and you should have a very close amount for what is needed withheld for your situation...if for any number of reasons including those above, the situation changes... you will need to change the W-4.
Make the check out to Franchise Tax Board. For Individual tax payments, mail to: PO Box 942867, Sacramento, CA 94267-0001 For Business tax payments, mail to: PO Box 942857, …Sacramento, CA 94257-0001
Lottery prizes are exempt from California state and local personal income taxes.However, the Internal Revenue Service (IRS) requires the California Lottery to withhold taxes f…rom prizes over $5,000 for U.S.citizens and resident aliens who provide social security numbers on the Lottery Claim Form.The IRS also requires the Lottery to withhold additional taxes from all prizes of $600 to $5,000 from U.S.citizens and resident aliens who do not provide a social security number.Claimants who do not mark the citizenship status on the Lottery Claim Form will have 30% withheld from all prizes over one dollar.Winners paid in annual installments automatically have taxes withheld from each annual payment.-- ã California L ottery Â® Winners' Handbook
The sales tax in the state of California, which is part of the United States of America, is very high. The sales tax in the state of California is 7.50% but can go as high as …9%.
The taxes in California varies by what city in California someone is in. The rate varies of 4% to 7%. This rate for general goods. People in California also pay an income t…ax.
The California sales tax rate is currently 6.25% . However,California adds a mandatory local rate of 1.25% that increases thetotal state sales and use tax base to 7.5%. Depen…ding on localmunicipalities, the total tax rate can be as high at 10.0%.