The earned income credit is really too complicated to explain in detail here. You should go to the IRS website, download the instructions, and go through the worksheets.
Basically, if you graphed it, it would look like a small hill: the unearned income credit increases based on how much income you earn up to a certain point, after which it starts decreasing again.
Household income levels that place one in the top 5 percent vary by location and change over time. However, at a national level in the United States, earning around $200,000 per year would typically put a household in the top 5 percent of income earners.
There is no average income tax rate in America; income tax rates are determined by how much you earn. For example, if your taxable income is below $8500, then you will only need to pay 10%, while if you earn above $38000, then you will need to pay 35%.
$599
2200000
$3500 or more
$3000
$10,000
You need to contact the Department of Employment Security directly for details. How much you can earn, if anything, depends on your dependent status and other factors.
take in consideration... deposit plus first month rent location pet fee (if any) electricity water Just multiply what you earn in a week by 4 then that's your monthly income. You do the math on how much will you need.
As far as the US Treasury is concerned (e.g. the IRS), if you earn over $100,000, you are in the top 5% or so of all taxpayers.
4.8 million
You need to have taxable income at least equal to the amount you contribute to your Roth IRA. If you contribute $5,000, but have only $4,000 in taxable income, you need to pay taxes on $1,000 excess contribution.