What work you do is largely irrelevant to your tax rate; all that really matters is how much you make, and the calculations are complex enough I doubt the details would be terribly useful to you. If you really need to know, hire an accountant, who should be able to provide you with the proper value when given the details you neglected to give us, like how much you make, whether or not you're married, how many exemptions you're claiming, etc. etc. etc.
To much....
The amount of money that your government takes for taxes is based on how much money you earn, the deductions you take such as for charitable donations, your marital status, the type of work you are involved in and other factors listed on the tax form.
Practice, and keeping track of every penny they spend. And, well, budgeting. They decide how much money they get to spend where and how much extra money they have and how much taxes will take and how much money they will have as free spending money and they stick to it
Because Congress passed laws saying how much should be witheld in taxes. Now as to WHY Congress did that, that is an entirely different matter....
It really depends where you live, there's a state tax and a federal tax, some state taxes are higher than the others, but on average they might take almost half :/
why
how much state taxes to take out for self-employed person making $900.00and forms needed.
You will need to deduct your own taxes from cash tips. You can do this by picking a certain percentage to take out and then put it in a safe or a bank account in case you have to pay in taxes for the year.
Yes, They still take out money with disabilty.
hi
I don't know about averages, but here's my side: This is my first year of teaching (High School Mathematics) I make 31,500 pre-taxes, about 25,000 after taxes + 5000 benefits. So, after taxes, I technically take home 30K a year.
It's better to borrower against your 401k because when you take money out of that account you are actually borrowering from yourself, its your money, If you fail to meet the payments you don't stand to lose much you will just have to pay taxes on the money.