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Single taxpayer under the age of 65 with 5800 of TAXABLE INCOME on the 2009 1040 federal income tax return page 2 line 43 the amount of the income tax liability on the 1040 page 2 line 44 would be $583, before any possible credits or any additional taxes that may come into play before arriving at the last line of your 1040 income tax return.
You are the only one that has all of the necessary information that will have to be reported on your 1040 FEDERAL income tax return for the year in order to do the calculation for the numbers that you are looking for.
After you complete your 1040 federal income tax return correctly to your TAXABLE INCOME and page 2 lines 43 and Line 44 you will know the amount of your income liability before any credits or other taxes.
Continue from Line 45 to the last lines at the bottom of the 1040 page 2 and then you will know how much taxes you will have to pay if any after you complete your 1040 income tax return correctly.
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If your taxable income is form 4000-7499 your tax is 100 plus 5 percent of any amount above 4500 how much tax in dollars is due on a taxable income of 5800?
The 5% of 5800$ is 5800x5/100=290$ So your tax is 290$+100$=390$ wrong the 5% is only applicable to the $1300 from 4500 to 5800 which would = $65 plus the 100 = 165 5800-4500=1300 .05 * 1300= 65 65+100=165
If your taxable income is from 4000 - 7499 your tax is 100 plus 5 percent of any amount 4500 how much tax in dollars is due on a taxable income of 5800?
$100.00 plus 5% of $1300.00 = $100.00 + $65.00 = $165.00
If your taxable income Is from 4000.00- 7499.00 your tax is 100 plus 5 percent of any amount 4500.00 How much tax in dollars is due on a taxable income of 5800.00?
Your tax would be $165.00. (5800-4500=1300 X .05=65+100=165.00)
How much tax in dollars is due on taxable income of 5800?
It is always best to seek tax advice from a professional to avoid any penalties. There is not a concrete amount of taxes due from any amount of money. Taxes due relate to the income and other variables of the individual.
Taxable income is form 4000-7499 and your tax is 100 plus 5 percent of any amount 4500?
the 5% is only applicable to the $1300 from 4500 to 5800 which would = $65 plus the 100 = 165 5800-4500=1300 .05 * 1300= 65 65+100=165
What is Before tax income after tax income?
Before tax income is gross income less allowable deductions and rebates = assessable income. After tax income is assessable income less the applicable income tax
What kind of income tax is based on your taxable income?
Income tax IS based on your income that is why it is called INCOME tax.
Is Payroll Tax considered Income Tax?
Yes. Any tax on income is income tax. Taxes imposed after income, such as sales tax, aren't.
What is a Fedeal income tax?
A income tax is a tax levied on the income of individuals or business.
Is Net income before or after tax?
Net income is what you get after tax, gross income is before tax.
What is an income tax?
Income tax an amount of tax that is due on your TAXABLE INCOME amount for the tax year.
What are the similarties between the state income tax and the federal income tax?
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.
