That depends on a ton of things, filing status, exemptions, deductions, etc. For single, a W-2 employee, don't own your own home: 8-9K. Married, W-2, three kids, big mortgage: 0-1k
Jonathan is a 35-year old single taxpayer with adjusted gross income of 45000. He uses the standard deduction and has no dependents. (A)Calculate Jonathan's taxable income . B.When you calculate Jonathan's tax liability are you required to use the tax tables or the tax rate schedules, or does it matter? c. What is Jonathan's tax liability
$10,350.00
Formula for net income is as follows: Net income = sales - expenses net income = 45000 - 25000 net income = 20000
Before tax income is gross income less allowable deductions and rebates = assessable income. After tax income is assessable income less the applicable income tax
Income tax IS based on your income that is why it is called INCOME tax.
Yes. Any tax on income is income tax. Taxes imposed after income, such as sales tax, aren't.
A income tax is a tax levied on the income of individuals or business.
Go to www.carmax.com They have a "tax, license, etc." tool to figure out an estimate.
$1,730.77 before tax.
Net income is what you get after tax, gross income is before tax.
Income tax an amount of tax that is due on your TAXABLE INCOME amount for the tax year.
The amount of your tax liability is based on your TAXABLE INCOME after your income tax return is completed completely and correctly down to the TAXABLE income line of each income tax return.