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These figures are based on 2013 tax rates as the 2014 tax year has not yet ended and the new rates have not yet been released. If you are filing single with no dependents and claiming yourself as one exemption, your taxable income for federal income taxes would be $47,000. Your federal income tax would be a total of $7,678.75. This is assuming that you are under 65 years old at the end of the year and this would be your total tax for the year without regard to any tax that was withheld during the tax year or prepaid by making quarterly tax payments.

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Q: How much will you owe in taxes on 57000 annual income if you are single?
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Related questions

How much will you owe in taxes on 67000 annual income if you are single?

$13,400


Does annual income mean with taxes?

Annual income is gross salary before taxes. Net income is after taxes.


Is Annual income before or after taxes?

It could be either one that you want it to be called.Annual income before taxes for the year.Or Annual income after taxes for the year.


Is annual income calculated before or after taxes?

Annual gross taxable income and your adjusted gross income amount of worldwide income would be calculated before taxes.


What is an average net?

Annual income after taxes


What is the gross annual income?

yearly before taxes


What is an average net salary?

Annual income after taxes


What is Gross annual income?

Annual gross income refers to the amount of money a person makes in a year before taxes are removed. Net income refers to the amount of money made after the withdrawal of taxes.


Is annual household income calculated before or after taxes?

it is always calculated on the gross income


How much do you take home after taxes if you make 57000 per year?

57000 gross income for the year your employer payroll department would be the only one that would know how they were required to withhold for all of the taxes and other amounts out of your 57000 gross amount for the year. Your employer payroll department should be able to help you determine the net take home pay that you would receive for the year.


Is annual income your gross or net income?

Your annual income is generally your net income - what you earned (gross income) minus the taxes and pre-tax benefits you pay for prior to getting your paycheck (deductions).


Where does the federal government get the bulk of its annual revenues?

individual income taxes