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In the US it could be as high as half of it. Most people are going to end up paying between 25% and 35% depending on their income bracket. If it was the only money made that year the taxes would be very minimal.
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∙ 15y ago
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Do you have to pay taxes on a discrimination settlement with your employer?
Do I have to pay taxes on a discrimination settlement from a former employer
Do you pay school taxes if you don't own property?
You don't. If you rent the person who rents to you pays taxes on the property which includes school taxes and your rent helps him pay for the taxes. So, in a round about way you pay for them by paying him.
What taxes do residents of Indian reservations pay?
tribal taxes
Who pays school taxes and who is exempted?
People in the surrounding community pay school taxes. Those who have children and those who do not, all have to pay the school taxes. It's pretty much on where you live. The people that are exempt are those who are less fortunate in the government's eyes. People who live in government housing and other such areas. That is why some areas have higher school taxes than others. The more people exempt from paying the tax, the higher the tax is for the people who actually have to pay for it. To further my reasoning: My uncle and his wife never had kids, but they still had to pay school taxes their entire lives because of the location of their home.
Are adult children responsible for paying deceased parents taxes?
Taxes need to be filed by April 15th of the year that follows the person's death, whether money is due or a refund is owed. You still use the same form as your Mom would if she were alive, but write DECEASED where it asks for her name. If there are any medical bills for the year, they can be deducted on the return. Does your mom have enough money left to pay the taxes that are owed? If yes, then pay when submitting the tax return. If not, you might want to consult a tax professional. For more information on how to pay income taxes for a loved one who is deceased, take a look at this article http://www.centsableaccounting.com/resources/articles/deceasedtaxes.asp
How much taxes do you have to pay on $600.00?
How much federal taxes do you have to pay on $600?
How much would an average medieval peasant have to pay on taxes?
a lot
Why is it important for men to register in the cencus?
to determine how much taxes they would pay
How much money would the roman army get paid?
They wouldn't get paid, this just meant that the soldiers did not have to pay for taxes e.t.cBASICALLY - the romans pay would be transferred onto their taxes, so women would have to pay taxes on their houses while when the men are in the army or have retired from the army they wouldn't have to pay anything.Hope this helps :D
If you make 60000 per year how much in taxes should you pay?
how much tax in Ontario would u pay for married on 60,000.00
How much do you pay in taxes?
Too much for what I get out of it... ;-)
If you make 24000 dollars a year How much would you have to pay for taxes monthly?
I am head of my house hold with a 17 month child how much will I get back for my taxes
Do you have to pay the taxes in the car you trade in in Virginia?
you would only pay taxes on a difference
How much taxes would be taken out for 420000.00?
You should get this information from the payer of the 420000 or from your employer payroll department as they will be the one that would know how much FICA, federal income tax, state income, local taxes, etc they will have to withhold from your hourly pay or gross pay for the pay period.
How much taxes does Alabama pay a year?
how much taxes alabama pays a year
How much taxes do you pay to the government?
10%
How much do you pay in taxes on 3750?
3750
