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If you gross 1500 and have 4 kids are you going to get a refund?
IF this is qualified earned income that you worked for it is possible that you could receive a refund. You will NOT know the correct amounts until you complete your 1040 federal income tax return correctly. Your filing status, your age and how you made all of your gross worldwide income amount and if you had any sources of earned income (pay that you worked for) that has to reported on your 1040 income tax return and all of your other information that is required to entered correctly on each line of your 1040 income tax return will all be a part of the necessary information that you know and will have enter on your income tax return correctly to arrive at the correct answer of how much you might possible get back as a REFUND AMOUNT after your income tax return is completely correctly. If it is qualifying earned income and you are not a dependent on another taxpayer's income tax you return. IF you meet the qualifications for the earned income tax credit and the making work pay tax credit for the tax year 2009 you WILL NOT KNOW the amounts until you have completed your 1040 federal income tax return correctly. When you get to the last lines on page 2 of the 1040 federal income tax return line 72 where it says THIS IS THE AMOUNT THAT WAS OVERPAID then you will know how much your refund amount should be. If the amount is ZERO -0- and then you have an amount on line 75 AMOUNT YOU OWE.
How much will you get back for 2 child in taxes?
It could be possible for you to get the EITC maximum amount of 5028 for being able to claim two qualifying children on your 1040 federal income tax return IF you have over 12551 up to 16450 of qualifying earned income that you worked for in the tax year 2009. You will NOT know the correct amounts until you complete your 1040 federal income tax return correctly. Your filing status, your age and how you made all of your gross worldwide income amount and if you had any sources of earned income (pay that you worked for) that has to reported on your 1040 income tax return and all of your other information that is required to entered correctly on each line of your 1040 income tax return will all be a part of the necessary information that you know and will have enter on your income tax return correctly to arrive at the correct answer of how much you might possible get back as a REFUND AMOUNT after your income tax return is completely correctly. If it is qualifying earned income and you are not a dependent on another taxpayer's income tax you return. IF you meet the qualifications for the earned income tax credit and the making work pay tax credit for the tax year 2009 you WILL NOT KNOW the amounts until you have completed your 1040 federal income tax return correctly. When you get to the last lines on page 2 of the 1040 federal income tax return line 72 where it says THIS IS THE AMOUNT THAT WAS OVERPAID then you will know how much your refund amount should be. If the amount is ZERO -0- and then you have an amount on line 75 AMOUNT YOU OWE.
Is base pay the same as hourly pay?
no, "base pay" is a set amount prescribed by the employer.
How much more money do I get for claiming 1 instead of 0 on my paycheck?
This cannot be determined without knowing your income as the calculation changes as income increases. For example if your annual income is $20,000 you will get a larger amount than you would if your annual income was $60,000.
How do you calculate trend percentage?
trend percentage= (analysis period amount / base period amount) x 100
Does supplemental income need to be reported?
Generally speaking, if it is income, you need to report it. More specifically, it depends upon the amount of the federal or public assistance that is received combined with any regular income. SS benefits and state public assistance tax base differs from regular income.
Does rental income count against ss income limits?
does rental income count against ss income limits
Should a person get social security tax back in there tax return?
No, normally not. SS is based on a different income calculation. however if you worked for more than 1 employer and made over the SS base (@108K a year), then it is possible you could have overpaid on the amount over.
does a person on SS gets $5000.00, yr recieves $8000.00 inheritance , pay income tax on that amount ?
Yes, you do need to pay income taxes on any income you get especially from inhertances.
Can ss benefits be reduced due to income in retirement?
Why are my SS benefits reduced because on my income
What is base employment Income?
Base employment income is the amount earned before commission or other bonuses. It is also the gross income earned before taxes are taken out.
If ss disability payments are exempt from a bankruptcy why would your disposable income change if the only added income was from the ss?
Is VA Disability income exempt from bankruptcy income claim?
Why are retired people hurt by inflation?
Retired people usually have a fixed income. This means that they get the same amount from SS or a pension. The amount doesn't stay up with increased inflation. Things go up in price faster than their income pays them.
What is your 2010 income threshold if you are drawing SS prior to full retirement age?
The earnings test amount before you reach your FULL retirement age (FRA) the amount would be 14,160.
What is the base engine size of the 2014 Chevrolet SS?
The 2014 Chevrolet SS has a 6.2 L base engine size.
What is the wheel base of the 2014 Chevrolet SS?
The 2014 Chevrolet SS has a 9 ft. 6.8 in. (114.8 in.) wheel base.
Do you have to pay federal income tax on Social Se?
Yes, you may have to pay federal income tax on your Social Security benefits if your income exceeds a certain threshold. The amount of tax you owe will depend on your total income, including other sources of income besides Social Security.
