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On a weekly salary of 126.59 with a 6 percent state tax and 3.00 in federal tax what amount of pay would you bring home each week?
115.99
Is your federal tax bracket your average tax rate?
No the federal tax brackets would NOT be your average income tax rate on your income. Each separate federal tax bracket amount is your marginal tax rate for that amount of your taxable income that is in that bracket amount.
If Sonja pays 7 percent state tax on a weekly salary of 129.72 what would her weekly take-home pay be if she paid 7.00 in federal tax?
113.64
What is a federal tax allowance?
Standard deduction amount, exemption amount, amounts of your income that are free of any federal income tax on your 1040 income tax return for the year.
Computing. Federal income tax, using the table, determine the amount of federal income tax an employer should withhold weekly for employees with following medical status, earnings, and withholding allowances?
A. Single and Total weekly earnings $347 and number of allowances 2. b. Single $445 total weekly earnings. A number of allowances is one.c. Marital status is married $482 weekly earnings with three allowances.. d. Single marital status $488 weekly earnings zero number of allowances.e. Marital status is married and $693 total weekly earnings the number of allowances five
Do you enter the amount paid from a federal garnish on your tax return?
No. Your gross income is reported on your federal 1040 income tax return. The federal garnish amount that was paid would not be a deduction from your gross income on your income tax return.
What is the federal tax liability on Oregon state income tax form?
It is basically the amount of federal tax (liability) on your federal return (Form 1040) that you owe before applying your federal estimated payments or federal tax withholding. Oregon law allows you to subtract this on your Oregon return. If you federal tax situation is a bit more complex you may need to use a worksheet (from the Oregon tax instructions) to figure out the correct amount to subtract. Oregon law also limits the amount of this subtraction.
What federal tax raises the most amount of money each year?
The federal tax that brings in the most money every year is the federal income tax. This tax is withheld from any person who is employed.
What is a federal allowance?
Standard deduction amount, exemption amount, amounts of your income that are free of any federal income tax on your 1040 income tax return for the year.
What is a FITWH tax?
FITWH tax more commonly known as FITW is federal income tax withholding tax. This is the amount of money that the federal government takes out of each of your paychecks.
Can your tax refund exceed your federal withholding amount?
Yes
Which federal tax raises the largest amount of money each year?
Federal Income tax is the largest tax for the government, it raises more money then anything else.
