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What is the maximum amount of personal income tax in the US that has to be paid?
Wiki User
∙ 16y ago
There is no maximum. Earnings above a certain amount (after deductions) are taxes at a fixed percentage rate..that will not change regardless of how much is earned.
Wiki User
∙ 16y ago
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do you have a maximum income level and if so what is it do you ever make exceptions to the income level Is that level based on the amount that federal taxes are paid on?
Contact the schoosl directory in LA , online or the yellow pages
About what is the maximum amount a doctor can get paid?
They get paid about as nuch as $500 an hour.
What is a 'personal allowance' for income tax?
money that does not have to be paid
Can I deduct monies paid to settle a lawsuit?
Not deductible on your income tax return unless the amount paid was to produce taxable income that was reported on your income tax return. Then a limited amount could be deductible on your income tax return.
Do you enter the amount paid from a federal garnish on your tax return?
No. Your gross income is reported on your federal 1040 income tax return. The federal garnish amount that was paid would not be a deduction from your gross income on your income tax return.
What percent of federal taxes are paid by those making 100000 or more?
The federal marginal income tax rate bracket amounts would be from the 25% to the maximum 35% amount for income over 100000 in the year 2009.
What is it when a portion of a person's personal income is paid to the government?
If your employer pays part of your personal income directly to the government, that is called withholding taxes.
Dividends paid reduce the net income that is reported on a companys income statement?
Dividends paid do not reduce the net income amount shown in income statement rather it reduces the income amount shown in balance sheet as retained earnings which is the remaining profit after dividend.
Derice Personal income from national income?
Personal Income = National Income - undistributed corporate profits - corporate profit taxes - earnings not paid out - social insurance taxes + transfer payments So basically, national income is what is earned by a person and personal income is what they actually get
How do you calculate bills proportionate to income IE one income is 90k and other income is 40K What pecentage does the lower income pay?
90+40=130 (Total payment/130)x40=amount paid by lower income. (Total payment/130)x90=amount paid by higher income.
Is income tax the amount of money you made?
No.Income is the amount of money you made.Income tax is the amount of tax you have paid on your income.eg income $500 tax $50 your net income is 500-50 = $450.Income tax is $50
Why the US personal income tax is considered a progressive tax?
As income increases the percentage of that paid as tax progressively increases. If it was a "flat tax" instead, the percentage paid would be constant regardless of income.
