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.
http://www.irs.gov/file/content/0,,id=105693,00.html
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%
For the 2009 tax year a married couple filing a married filing joint income tax return both under the age of 65 filing a 1040 federal income tax return could have 18700 of adjusted gross income free of federal income tax after the 1040 federal income tax return is completed correctly and completely to the 1040 page 2 line 43 TAXABLE INCOME AMOUNT -0- ZERO.
http://www.irs.gov/file/article/0,,id=111163,00.html
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.
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.
Tax depends upon many factors such as state, local, federal, municipality, etc. Tax rates vary between 0% - 12%+.
The rate would be your marginal tax rate after your income tax return is completed correctly. From the -0-% to the maximum 35% rate.
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.
FIT= Federal Income Tax. S 0= Single 0 Exemptions (From W-4)
http://www.irs.gov/file/content/0,,id=105693,00.html
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.
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%
In 1953, a carton of cigarettes cost approximately $0. 25 cents. The federal tax on a carton of cigarettes was $0. 08 cents.
0 points... because it was blocked...
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%