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Q: John wanted to know how much he would pay this year in federal income taxes Which form would he use to determine this amount?
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John wanted to know how much he would pay this year in federal income taxes which form would he use to determine this amount personal finance?

Tax table. A+


What is the most in percentage that can be withheld from income of 42000.00 for Federal withholding?

Actually, withholding is basically in your control, through the W-4. You could have 100% of your pay withheld if you wanted...which some people actually do..if they have a lot of income from other sources...or if they file with a spouse that does.


Do you pay income tax once retired?

If you have income, you pay income tax. When I drew my first SSN check, I was quite surprised to find out Uncle Sam wanted his share of my share.


What is the concept of sustainable income Can you give an example of what this number may look like by using the income statement of a real-life company?

Estimating Sustainable IncomeWhen evaluating a company, it generally makes sense to eliminate all irregular items inestimating future sustainable income. To address this dilemma, many trustees and institutions are beginning to distribute what might be called "sustainable income" to the income beneficiary (or to the operating budget of an endowed institution, e.g.). The thinking seems to be that what a donor had in mind when he/she specified "income [or income only]…" is that the donor wanted the income beneficiary to enjoy a long-term, sustainable income stream (perhaps growing to keep up with inflation). A further presumption is that the donor further wanted the principal to be protected against loss (including loss due to inflation) for continual production of income or for eventual distribution/use by the institution.


What do you do if your employer withholds the wrong amount of taxes?

File your income tax return correctly for the past year and fill out a new W-4 form for the new year that is going on and try to make sure that it does not happen again in the future years to come. You can fill out a new W-4 form any time that you think it may be necessary to make that you have the correct amount of income taxes withheld.The IRS has a useful tool available for this purpose called the IRS Withholding Calculator. Go to www.irs.gov choose Individual and then scroll down page and choose IRS Withholding Calculator.You can use the search box at www.irs.gov and type IRS Withholding CalculatorThis easy to use calculator can help you figure your Federal income tax withholding so your employer can withhold the correct amount from your pay. This is particularly helpful if you've had too much or too little withheld in the past, your situation has changed, or you are starting a new job.http://www.irs.gov/pub/irs-pdf/fw4v.pdfWhat makes you think the "wrong" amount was withheld? Did you specifically tell him,and authorize it by filing the W-4 correctly, exactly how much to withhold? If not, presumably he withheld how much your W-4 instructed...which can come to several different, but similar results, depending on which of the many methods his system uses to calculate the certain aspects. He is NOT responsible to determine how much tax YOU wanted, or needed, to have withheld. YOU direct it by YOUR W4.

Related questions

John wanted to know how much he would pay this year in federal income taxes. Which form would he use to determine this amount?

w-4


John wanted to know how much he would pay this year in federal income taxes which form would he use to determine this amount personal finance?

Tax table. A+


Why did President Coolidge support the Revenue Act of 1924?

Answer this question… He wanted to reduce federal income tax rates.


What determins an element?

You can determine what element an atom is by it's amount of sub-atomic particles and their positions. Every element has a different amount of electrons, so that is the easiest way to determine what type an atom is. If you wanted to determine it more broadly, for example, which group an element was in, you could just count the amount of electrons in the outer shell, as each group is unique in this way.


Who wanted the federal laws to be the highest in the land?

Federalists wanted the federal laws to be the highest in the land.


What are the effect of income on conumer behavior?

The effect of income is a direct factor in consumer behaviors. Without an ample amount of income being provided the consumers cannot possible consume as much as needed or wanted therefor their behavior changes, less is spent, and less is bought.


What is the most in percentage that can be withheld from income of 42000.00 for Federal withholding?

Actually, withholding is basically in your control, through the W-4. You could have 100% of your pay withheld if you wanted...which some people actually do..if they have a lot of income from other sources...or if they file with a spouse that does.


Is harboring a federal or state crime?

"Harboring a Fugitive" can be either a federal OR a state crime depending on whether the wanted individual was wanted on either a federal or a state crime.


Who did Hamiltion wanted the federal government to assume and pay the debts of the?

He wanted the federal government to assume and pay all state debts.


What was the group that wanted the federal government to force change in the south?

Radical Republicans wanted the Federal Governenment To force change in the South


Why was Congress split into the House of Representatives and the Senate?

it was split as a compromise between the larger states and the smaller ones, the larger states wanted the amount of members to depend on the population of each state but the smaller ones wanted equal amount of members so they split congress up as a compromise


What of the following did Populists support?

They wanted the government to create a graduated income tax. (APEX)