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Does a 16 year old schoolboy have to pay income tax on savingsa?
Wiki User
∙ 13y ago
no unless you are an adult in your state and have a paying job
Wiki User
∙ 13y ago
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Can a 16 year old file income tax?
A sixteen year old can file income tax and, if the 16 year old had sufficient income, the 16 year old must file tax. There are no upper or lower age limits on income tax obligations. Even if the 16 year old didn't owe any tax, if taxes were withheld from the 16 year old's wages, the 16 year old should file in order to receive a refund.
What is the average income of a 30 year old male?
The average income of a 30 year old male is around 40,000 dollars a year. This varies slightly depending on which state you live in.
Average income for a 25 year old?
25000
What would be owed by a 65 year old with 2013 income of 35000?
Why should the 65 year old owe anything!
Do a sixteen year old have to report income if they made more than eight thousand dollars?
Individuals are required to report income to the IRS if they earned over $600. Even a sixteen year old may be served a stiff penalty for failing to report the income for the year that he made it.
What is the average income of a 36-year-old male in America?
$84,000
Income at McDonalds for a 14 year old?
They won't hire you at 14.
Can you claim your thirty year old son on your income taxes?
No, Allas.
If your 14 year old works and the parent is on disability does it affect the parents disability if they have to claim the child's taxes?
The income that the 14 year child earns is the child's income and would not be reported as income on the parents income tax return.
What is the average income of a thirty year old?
In today's life styles the average income for a 30 year old is $27,500.00 annually because the economy is not stable. however in the extreme northeastern states it is higher at $36,543.00.
Does a 16 year old file income tax in Canada?
Ones age does not determine if a person files taxes or not, what it matters is how much money the person made that year. What was the income of the person that year, is what determines the income tax filling status.
How much money can you get back in income taxes for a one year old?
How much can you get back For a 1year old
