Too much, only billionaires should pay taxes. :-)
As Majority Leader of the US Senate, Harry Reid's salary is $193,400 (which is the same as the Minority Leader). The pay of an "ordinary" senator is $174,000.
If I retire and my income is $4500. a month, how much federal income tax will I pay?
if i make 62000 net income how much in oas do i have to pay back
Paislie Reid goes by Pay.
Yes, you have to pay taxes on your retirement at a rate determined by your retirement income, which should be much lower than your working income. Yes, you have to pay taxes on your retirement at a rate determined by your retirement income, which should be much lower than your working income.
First, you offset as much of the rental income as you can with deductions for interest, depreciation, utilities, etc. Whatever net income remains, you pay tax on as ordinary income (depending on your tax bracket).
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 they will have to withhold from your hourly pay or gross pay for the pay period.
How much federal income tax is paid on $9600.00
a lot
There is an app for it and you have to pay for it.
as much as they wont.... =)
This will depend on the source of the income.