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Exemptions depend on country to country and at times on each state in some countries and this is not the right forum unless you provide your details/ place of residence where IT would be applicable.
As I am from India it would not be right to hazard a guess.
Do check locally for correct advice as that would apply to you.
What else can I help you with?
Where can you learn which exemptions are legal to take on your taxes?
The best way to learn which exemptions are legal to take on your taxes is to speak with a CPA. If this is not available to you there are several online sources including Turbo Tax and the IRS Government website.
How do you calculate taxes for your income?
To calculate taxes for your income, you need to determine your taxable income by subtracting any deductions or exemptions from your total income. Then, use the tax brackets provided by the government to find the percentage of tax you owe based on your taxable income. Finally, multiply your taxable income by the tax rate to calculate the amount of taxes you owe.
What percentage is taken out of your paycheck for taxes?
That depends on which state you live in, as well as other variables such as gross income, number of exemptions claimed, local or municipal taxes, etc.
How much can you save on taxes if you move to Florida from Maryland?
How much you might save on state income taxes depends on your income. Florida has no personal state income tax. Income taxes before exemptions in Maryland range from 2% if you make a dollar a year to 6.25% if you make more than one million dollars, with most people falling in the 4.75% bracket. If a single person earned the median US income of $32,140 per year, they would save $1526.65 per year, before any deductions or exemptions.
Does the state take taxes out of your retirement check?
Yes, the state can take taxes out of your retirement check, but this depends on the state you reside in and the type of retirement income you receive. Some states tax retirement benefits, while others offer exemptions or lower rates for certain types of income, such as Social Security or pensions. It's important to check your specific state's tax laws to understand how your retirement income may be taxed. Additionally, federal taxes may also apply to your retirement income.
What is the amount per child for income taxes?
I am assuming you mean the personal and dependency exemptions for 2009. The exemption amount for 2009 is $3,650.
Is less taxes taken out of check with more exemptions?
Yes that is the way the withholding tables work for the income tax that the employer uses for this purpose.
What is the net income after taxes on gross of 360.00 week?
There are several variables which will affect the answer such as the number of exemptions you claim, the state income tax rate, other state taxes such as unemployment and disability, contributions to health insurance or retirement plans, union dues, etc. However, 70% - 75% or 252 - 270 is a rough estimate for a single person person with one exemptions.
How much is taken out of your paycheck for taxes in Hawaii?
You should check with your employer as they would have all of the necessary information to determine the amount of taxes withheld state taxes. The percentage may vary, depending on your income and number of exemptions claimed.
Can the army take your income taxes?
yes.
What percentage of your income do you take out for taxes?
about 28%
What is the one way fica taxes differ from the federal incone tax?
FICA taxes, which fund Social Security and Medicare, are specifically earmarked for social insurance programs, while federal income taxes are used for a broader range of government expenditures, including infrastructure, defense, and education. Additionally, FICA taxes are assessed at a flat rate on earned income, whereas federal income tax rates are progressive, meaning they increase with higher income levels. FICA taxes do not have a standard deduction or personal exemptions, unlike federal income taxes.
