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I am assuming you mean the personal and dependency exemptions for 2009. The exemption amount for 2009 is $3,650.
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At what amount of income do you have to pay taxes?
as per the indian government who is earning above 15k as net salary or net income they will have to pay the income tax
How much do you have to earn in order to receive the child tax credit?
The credit reduces your taxable income by up to $1,000 per qualifying child, so your income must be at least as much as the amount of the credit you claim. Otherwise, there is no income for the credit to reduce. If you make less than the amount of the Child Tax Credit, you may still qualify for the Additional Child Tax Credit.
What is the minimum income to stop filing taxes?
about 10,000 dollars per year
If a 17 year old makes more than 6000 per year can the parent still claim the child on their taxes?
Yes, but his income (or at least some of it), must be taxed at your rate.
School taxes for a local district are 2.5 of a household's income. The Smith household earns 80000 per year. How much do the Smiths pay in school taxes per year?
The Smith household pays $2,000 in taxes per year.
At what amount of income do you have to pay taxes?
as per the indian government who is earning above 15k as net salary or net income they will have to pay the income tax
If a 14 year old child works babysitting afterschool and is paid cash 1500 or less per year does he have to file taxes does his parent have to claim his income on their taxes?
A child that has only earned income of less than $5350 for 2008 does not have a filing requirement nor do you have to report his or her income on your tax return and you can still claim him or her as a dependant. If, however, your child has other sources of "unearned" income (such as interest on a savings account, dividends, etc.) then the child may have a filing requirement. To figure out if the child with earned and unearned income has a filing requirement follow these steps: # Add $300 to the child's earned income. _______ # Minimum amount. _$850__ # Compare both amounts and enter the larger amount. _______ # Maximum Amount. _$5350_ # Compare lines 3 and 4 and enter the smaller amount. _______ # Enter the child's combined income (earned & unearned)_______ # If line 6 is more than 5 then there is a filing requirement. Hope this helps. www.irs101.blogspot.com
Is the social security tax cap 106800 per worker or per family?
106800 is the amount of earned income that an individual would pay social taxes on in the year 2009.
How much do you have to earn in order to receive the child tax credit?
The credit reduces your taxable income by up to $1,000 per qualifying child, so your income must be at least as much as the amount of the credit you claim. Otherwise, there is no income for the credit to reduce. If you make less than the amount of the Child Tax Credit, you may still qualify for the Additional Child Tax Credit.
Do you get taxed if you only work 16 hours per week?
It depends on which tax you are talking about. There may be city income taxes, state income taxes, and federal income taxes, plus a tax for Medicare and a tax for Social Security. The Medicare and Social Security taxes are always taken from any amount of income. City, State and Federal income taxes have different rules. You have to look up those rules. For instance, some full time students don't have to pay federal income tax. Most tax rules have rules about how much you can earn before you get taxed.
How much would your income taxes be on 2000 per week and besides medicare and social sec would there be any other taxes taken out weekly?
You should get this information 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 that they will have to withhold from your hourly pay or gross pay for the pay period. After the withheld amount for all taxes is subtracted from your gross wages (earned income) your paycheck will be issued for the net amount of your earning (wages). You are the only one that has all of the necessary information that will have to be reported on your income tax return for the year in order to do the calculation for the numbers that you are looking for.
What is the minimum income to stop filing taxes?
about 10,000 dollars per year
If a 17 year old makes more than 6000 per year can the parent still claim the child on their taxes?
Yes, but his income (or at least some of it), must be taxed at your rate.
What is the percentage sallie Mae can garnish from you per garnishment?
Up to 25% of your disposable income. Disposable income is gross - taxes.
How much are total income taxes per capita?
natural, geographic, technological, government
School taxes for a local district are 2.5 of a household's income. The Smith household earns 80000 per year. How much do the Smiths pay in school taxes per year?
The Smith household pays $2,000 in taxes per year.
What is North Korea's per capita income?
21.5 billion dollars or 920 per capita
