Much more goes into the determination.
See, that's why there are all those companies and software sellers with programs, etc, etc that do this for people exist...
Virtually no 2 people with even the same job and income pay the same tax.
use Form 941-V to make federal tax deposits
Yes and you could have a federal income tax liability when you complete your income tax return correctly.
If any income tax was withheld you may want to file your 1040 Federal income tax return to get a refund of some of the over held federal income taxes if you do not have any federal income tax liability. If a single taxpayer and NOT a dependent on another individuals income tax return for the year 2009 you could have up to 9350 of gross worldwide income from all sources before you would be required to file a federal 1040 income tax return.
Yes. The federal threshhold for income to become taxable is less than $12K
For the 2009 tax year a married couple filing a married filing joint income tax return both under the age of 65 filing a 1040 federal income tax return could have 18700 of adjusted gross income free of federal income tax after the 1040 federal income tax return is completed correctly and completely to the 1040 page 2 line 43 TAXABLE INCOME AMOUNT -0- ZERO.
If I make 4,218 a month, what would my tax rate (net income) be with 4 dependents.
This could be possible if this is earned income but you will know the numbers until you have completed your 1040 federal income tax return correctly.
Your right to claim dependents has nothing to do with your income...only if you can and they are "qualifying child or relative" by the tests needed.
It doesn't matter if you are an RN, police officer, fry cook, or garbage collector. The amount of taxes taken out of your earnings is based on how much you earn, how many dependents you claim on your W-4 form, and the federal, state, and local income tax rates.
use Form 941-V to make federal tax deposits
Yes and you could have a federal income tax liability when you complete your income tax return correctly.
If any income tax was withheld you may want to file your 1040 Federal income tax return to get a refund of some of the over held federal income taxes if you do not have any federal income tax liability. If a single taxpayer and NOT a dependent on another individuals income tax return for the year 2009 you could have up to 9350 of gross worldwide income from all sources before you would be required to file a federal 1040 income tax return.
Yes. The federal threshhold for income to become taxable is less than $12K
$18.50 assuming 50 weeks @40/hr a week.
The federal government takes taxes on a schedule of percentages depending on income. Generally, the more you make the more the taxes you pay.
For the 2009 tax year a married couple filing a married filing joint income tax return both under the age of 65 filing a 1040 federal income tax return could have 18700 of adjusted gross income free of federal income tax after the 1040 federal income tax return is completed correctly and completely to the 1040 page 2 line 43 TAXABLE INCOME AMOUNT -0- ZERO.
Self employment income net profit over 434 must file a 1040 federal income tax return and pay your social security and medicare taxes on the net profit from the business. Unearned more than 950 must file a 1040 federal income tax return and pay some federal income tax on the amount over 950.