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What else can I help you with?
Do all states have fica tax?
It's a Federal program and just like federal income tax, it applies the same everywhere.
Should I file my income tax with a computer program or a firm?
You should file your income tax return with a computer program or online if you have a simple tax return. If you have a difficult and complex tax return, it is best to use a tax professional.
What is the volunteer income tax assistance program?
The volunteer income tax assistance program is a program aimed to assist those that need assistance with their tax forms. The volunteers are available anytime, so feel free to call their hotline.
Why does one need to work out their income tax calculation?
To work this out all one would need is their total income, the percentage that the tax actually is and then finally a calculator unless they are able to do it in their head or with a pen or paper.
If you live in a state that has income tax and work in a state that doesn't do you have to pay income tax?
it is residential
Can you get an income tax refund if you do not work?
Not if you did not have some income tax withheld from some type of income or if you are qualified for some type of refundable tax credit.
What type of persons got income tax?
All people that own something like a house or car has income tax. Income tax is a tax on income (money earned), not a tax on property. Income can be in many forms, the most common being wages for work and interest earned on savings and investments. Any on earning money, must file an income tax return. Property tax, sales tax, and excise tax are other types of taxes that we pay. It sure adds up.
If you live in FL and work in another state where do you pay state income tax?
The state where you work and earn the income wants to collect some state income tax on the income that you earn in that state.
What is the difference between income tax and social security tax?
Income tax is a tax paid on earnings from employment, investments, or other sources of income, and is used to fund government operations. Social Security tax is specifically used to fund the Social Security program, which provides benefits to retirees, disabled individuals, and survivors of deceased workers. While income tax is based on overall income, Social Security tax is specifically withheld from wages to fund the Social Security program.
What is the difference between Gross and net and taxable income?
Gross income: the overall income, from which expenses and tax are not yet deducted. Net income: the pure income, left after deducting all expenses and tax. Taxable income: the income before tax, deducted all expenses except tax.
Does income tax money go to the federal reserve?
Not all income tax goes to the Federal reserve but all money that goes to the Federal reserve comes from income tax.
If you live in a state that does have a state income tax and work in a state that does not have a state income tax are you obligated by law to pay state income tax to your home state?
From personal experience, if you live in Oklahoma and your workplace is in a different state, you are obligated pay Oklahoma state income taxes on those wages. This is probably true for all other state income tax states.
