You have to know what kind of income it is; any exemptions to be claimed; any credits available; age of the taxpayer; does anyone else claim the person who earned the income; are you talking about federal income tax?
How much federal income tax is paid on $9600.00
how much income tax do i owe on $23,000 with 0 dependants
Your question is backwards. There is no income on tax. However, there is a tax on income. This is known as income tax. Income tax is a system created by the government that takes a percentage of your income out of your check based on how much money you earn. Generally speaking, the higher your income, the higher the percentage of it the government takes.
First, you offset as much of the rental income as you can with deductions for interest, depreciation, utilities, etc. Whatever net income remains, you pay tax on as ordinary income (depending on your tax bracket).
Estimated Income tax payments are not deductible in figuring out what your taxable income is, that determines how much your actual income tax is. See, that's circular.
170000
You will have to complete your income tax return correctly to get the correct numbers that you want.
It depends on your occupation!!
how much income can you earn as a retired couple before filing a tax return
No. And it is ONLY subject to capital gains tax...a much lower rate...as it is investment income.
yes,he has to pay 30% of income tax ,, bhawna :P........ i m aayushi :P
When a person does not file their income tax return every year, there will be a penalty. An income tax shows the amount of how much the person has earned for the year.