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Q: What does federal 0 tax blocked mean?
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Federal tax on 4.00?

If your federal income tax return 1040 is completed correctly and your taxable income is 4.00 according to the 2009 tax table in the instruction book taxable income is at least -0- but less than 5.00 your federal income tax liability amount would be -0- zero on on the line 44 page 2 of your 1040 tax form.


What does federal tax blocked mean?

Employees that receive a W2 from their employers usually fill out the Federal form W4 which determines the amount of federal tax taken out of each paycheck. The purpose of the form is to prevent underpayment or large overpayment of federal tax. As an alternative you can "block" federal taxes from being taken-which means having $0 per paycheck applied to federal taxes. This should only be done if you don't expect to pay federal taxes or your taxes are paid in another way (for instance through a spouse's withholding. This might also be done if the amount of tax that needs to be paid for the year is known at the start. A person could block the tax and then specify a flat amount taken out each paycheck. For instance if you pay $12000 a year in taxes and get paid once a month you could have a flat tax of $1000/month taken out. The advantage to this method is that rather than getting a refund at the end of the year you have use of the money through out the year.


What percent is tax?

Tax depends upon many factors such as state, local, federal, municipality, etc. Tax rates vary between 0% - 12%+.


What are the federal and NYS tax rates on alimony received?

The rate would be your marginal tax rate after your income tax return is completed correctly. From the -0-% to the maximum 35% rate.


Where can I find information on the federal tax laws?

You can find information on federal tax laws at http://www.irs.gov/taxpros/article/0,,id=98137,00.html. This is the IRS's website and has all the rules regarding taxes.


What is a FIT-S-O payroll deduction?

FIT= Federal Income Tax. S 0= Single 0 Exemptions (From W-4)


What is the address where to send the federal tax return?

http://www.irs.gov/file/content/0,,id=105693,00.html


What is the federal tax rate on withdrawal of all 401k funds?

What ever your marginal rate will after you have completed you income tax return correctly. Could be any where from the -0- % to the maximum 35% tax bracket amount.


What is the state tax rate in Florida?

The state of Florida has no state income tax. If you are looking for state sales tax, the federal (universal) tax rate is 6%, then each county puts in discretionary surtax, ranges from 0% to 2.5%


What was the price of cigarettes in 1953?

In 1953, a carton of cigarettes cost approximately $0. 25 cents. The federal tax on a carton of cigarettes was $0. 08 cents.


How do you score blocked extra point?

0 points... because it was blocked...


Does Florida have a high tax rate?

Florida does not have a state income tax for individual taxpayers. If you are looking for state sales tax, the federal (universal) tax rate is 6%, then each county puts in discretionary surtax, ranges from 0% to 2.5%