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I'm not sure if you mean a veteran or a veterinarian! 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 also depends on many other things...obviously 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 slections. 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 it is fair to say that it would be uncommon for 2 people, working a 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...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.
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What do monthly income mean?
this is your FULL monthly income before tax withdrawal.
What do gross monthly income mean?
this is your FULL monthly income before tax withdrawal.
Does a wife have to pay taxes on the allowance given monthly by husband?
If the monthly amount is supposed to be ALIMONY payments YES the monthly Alimony payment amounts would be taxable income to you on your own 1040 income tax return. If you are still married and filing a married filing joint income tax return all of joint worldwide income would be reported on the MFJ income tax return and the monthly allowance from your husband would just be and amount from the after income tax funds that were reported on the MFJ income tax return.
Monthly salary of a person is Rs 10000 prepare his income tax schedule find the income tax payable by him?
No
Do you need to pay monthly and quarterly income tax even though you have paid the annual income tax?
yes we have to pay tds and advace tax beside anual income tax
Is income tax collected monthly?
In the UK income tax is collected in various ways, if you are employed then the PAYE (pay as you earn) system will collect tax each time you are paid, which is usually weekly or monthly, if you are self employed then income tax will be normally be collected annually when your tax return is processed.
With a gross income of 30,000 and a 25% tax deduction, what is your monthly net income?
$22,500
What is the monthly Federal Tax Rate?
Federal Tax Rate Table based on income
When income tax is deducted from monthly earnings is called?
Withholding
Is gross income monthly or weekly?
It can be what ever period that your gross earnings are calculated for monthly, weekly, annual and when you are working on completing your income tax return correctly you would report all of your gross yearly income from all sources on your 1040 income tax return.
If you are making you monthly payments on your student loan can you still get your income tax at the end of the year?
If you are not delinquent with your student loan, your federal income tax refund will not be garnished.
How to calculate Canada pension plan deductions?
Allen earns 2880 monthly calculate his deductions and his monthly net income ei 1.73 cpp 4.95 taxable income income tax deducted 22.5 net income
