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If you foreclose on a rental property and will be 1099, what percent are you taxed Lets say the mortgage is 90,000.00 and the bank sells for 40,000.00. You have to pay taxes on the remaining 50,000.00. What percent
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What payroll taxes are withheld from an employee?
Social Security tax 6.2%, Medicare Tax 1.45%, Federal, State and/or Local state. Federal and State tax witholdings are withheld depend on number of exemptions that you put on your Form W-4.
Where is your withheld income tax going to?
First of course, it depends on which component of the taxes withheld you mean. Federal income Tax withholding is paid over to the Federal Gov't, essentially into an account with your ID #, as an estimated payment toward the tax you will ultimately pay for the period...which is determined when you file your return (normally by 4/15 of the next year). If this withheld amount is too little, you pay the extra, or too much, you get it refunded. Essentially the same with most other withholdings...but the type of tax determines where that account is and what it is used for. (So, for a State if for a State income tax).
Can you file the amount of money taken out of your paycheck on you tax returns?
No deduction on your income tax return for the withheld amounts from your paycheck. All of the information from the W-2 that you receive after the end of the year will show all of the different withheld amounts and is used in filing your income tax return correctly to the IRS.
Do you get a return on fica taxes paid?
When you have one employer the amount of FICA ((OASDI) Old Age Survivor and Disability Insurance) for your social security would stop once your wages with the withheld social security amount reach 106800 and social security amount withheld would be 6621.60 If you have more than one employer and your combined wages reported on your W-2 are more than the 106800 amount and your withheld social security amount is more than the 6621.60 then you would get a tax credit for the amount that is over the 6621.60 on your federal income tax return when you file the 2010 tax return in the year 2011. For the individual taxpayer that is filing the 1040 federal income tax return does NOT get a deduction for the FICA (social security taxes) that are withheld from the taxpayers earnings for the year. If you have more than one employer and your combined wages reported on your W-2s are more than the 106800 amount and your withheld social security tax amount is more than the 6621.60 then you would get a tax credit for the amount that is over the 6621.60 on your federal income tax return when you file the 2009 income tax return this year in 2010 or the 2010 tax return in the year 2011.
Where can you see a W-4 form that is provided by the Internal Revenue Service?
You can see a W-4 form provided by the Internal Revenue Service (IRS) on the IRS website. You can find the form here: https://www.irs.gov/pub/irs-pdf/fw4.pdf. This form can be used to determine the amount of federal income tax that should be withheld from an employee\'s paycheck. It includes the following sections: Name address and Social Security Number Filing Status Number of Allowances Additional Amount to be Withheld Signature Once you have filled out the W-4 form you should give it to your employer. Your employer will use the form to determine how much federal income tax to withhold from your paycheck.
I made 40000 and have 4 depentance,how much federal tax do i pay?
I made 40000 and have 4 depentance,how much federal tax do I pay?
How much tax is withheld from checks in Pennsylvania?
Any taxes would have been withheld before your check was printed if you are an employee with an employer. Your employer should be able to answer your question for you.
How much federal tax is withheld from 5000.00?
150.00
How much tax do you pay from 40K?
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
What is the income tax on 200000 dollars?
What is the income tax on $200,000
Emily earns 40000 a year She pays 30 percent tax every year on her annual earnings How much money does she pay in tax?
40000 X .30 = 12000
How can you get copies of state tax withheld on your W-2?
Should be able to get a copy of the W-2 from your employer showing the amounts of income tax that were withheld. Or maybe your state income tax department Or maybe from the IRS.
Income tax withheld from each paycheck?
Income tax withheld from each paycheck
How much federal tax is withheld from 1138 while claiming 1 dependent?
Your employer payroll department should be able to help you with this information.
How much of your federal income tax withheld do you receive back in tax returns?
The amount of withheld federal income tax that is returned to you depends on a variety of factors. Your yearly income, marital status, number of dependents, and expenses are all used to calculate your tax return.
How much tax you will pay in one hundred thousand dollars prize?
40000 dollars at 40%
How is it possible to get a federal tax refund larger than the federal tax that was withheld?
Married tax credit and children's tax credits can cause a refund to be larger than what was withheld.
