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What else can I help you with?
What dollar amount do they stop taking social secutty taxes in 2016?
In 2016, the maximum taxable earnings for Social Security tax was $118,500. Any earnings above this threshold were not subject to Social Security taxes.
What is a deduction from earnings as an advance payment on income tax?
Withholding amounts from your gross income is an advance payment of income tax and other required taxes, etc that your employer payroll department is required to withhold from your gross earnings that are subject to the withholding tax rate amounts.
What is the maximum amount of money you can earn as a hobby before being required to pay taxes on your earnings?
The maximum amount of money you can earn as a hobby before being required to pay taxes on your earnings is 400 per year.
Is net earnings the amount of money you make after taxes and other amounts that are taken out?
yes it is
Do you have to pay taxes on earnings from CDs?
Yes, earnings from CDs are typically subject to taxes, including interest income earned on the CD. It is important to report this income on your tax return and pay any applicable taxes on it.
For which of the following taxes is there no ceiling on the amount of employee annual earnings subject to the tax?
celling tax
Are retirement checks subject to FICA?
Social Security retirement checks are subject to FICA taxes (Social Security and Medicare taxes) unless an individual has already reached the maximum taxable earnings limit for the year. Once the maximum limit is reached, no further FICA taxes are deducted from the retirement checks.
What is the maximum amount of personal income tax in the US that has to be paid?
There is no maximum. Earnings above a certain amount (after deductions) are taxes at a fixed percentage rate..that will not change regardless of how much is earned.
Do you pay taxes on work study?
Yes, work-study earnings are generally considered taxable income and may be subject to federal and state income taxes.
What is income threshold?
An income threshold is the amount of earnings a person can receive before they have to start paying taxes. Each state has different amounts to this threshold.
Are unemployment earnings for the year 2008 subject to federal income taxes?
Generally, yes. On the State level someplaces they may not be.
What is the maximum your check can be garnished in Oklahoma?
In Oklahoma, the maximum amount that can be garnished from your wages is generally 25% of your disposable earnings, or the amount by which your weekly disposable earnings exceed 30 times the federal minimum wage, whichever is less. Disposable earnings are your earnings after mandatory deductions, such as taxes. Certain types of debt, like child support, may have different garnishment limits. Always consult a legal professional for personalized advice.
