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You earn 50 thousand dollars per year and the federal tax rate is 10 percent What is your gross income is?
Wiki User
∙ 13y ago
If your gross earning are 50000 for the year and the ONLY amount to be withheld would be 10% you would have 45000 left subject to all of the required withholding amount that your employer will be required to withhold from your gross pay.
The employer payroll department would be the only one that should be able to tell you how much they will be required to withhold from your GROSS salary, wages, etc. for all of the different taxes and other amounts that they are required to withhold from your gross pay before they issue you the NET take home paycheck.
Wiki User
∙ 13y ago
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What percent is federal income tax?
35 %
What are the percentage rates for federal income taxes?
What federal income tax percent should my employer deduct from my wages
If income is seven thousand dollars do you file taxes?
In your situation you probably would want to file the federal 1040 income tax return because you could possibly qualify for some of the tax credits if you qualify for them and IF this income is qualified earned income for the tax credit purpose.
Which tax accounts for about 50 percent of all federal revenue?
income tax
If you make 10000 dollars a year do you have to file income taxes?
Yes and you could have a federal income tax liability when you complete your income tax return correctly.
If heather earns an annual salary of 46500 dollars with federal income tax of 3200 dollars state income tax of 930 dollars and FICA taxes at 7.65 percent what will her take home pay be after paying?
38, 812.75
What is the basic rate for Maryland taxes?
The basic rate for Maryland taxes is two percent of the taxable income. This is the rate for when the amount of taxable income is less than one thousand dollars.
What percent is federal income tax?
35 %
What are the percentage rates for federal income taxes?
What federal income tax percent should my employer deduct from my wages
Why would you get a return from federal tax when you had no taxes with held from unemployment was unemployed the whole year and filed jointly married with total income below forty thousand dollars?
Because the other taxpayer on the MFJ income tax return had more income tax withheld from the pay than what the federal income tax liability was when the income tax return was completed.
If income is seven thousand dollars do you file taxes?
In your situation you probably would want to file the federal 1040 income tax return because you could possibly qualify for some of the tax credits if you qualify for them and IF this income is qualified earned income for the tax credit purpose.
Does the federal income tax equal 50 percent of your federal tax revenue?
true
If 85 percent of a monthly income is spent if and 360 dollars remains what was the monthly income?
2,400
Which tax accounts for about 50 percent of all federal revenue?
income tax
Who pays the most income tax in the United States?
Persons earning $389 thousand and over pay 39.89 % of income tax. Top 1%. Persons earning $154 thousand and over pay 60.14 % of income tax. Top 5%. Persons earning $109 thousand and over pay 70.79 % of income tax. Top 10%. Persons earning $ 65 thousand and over pay 86.27 % of income tax. Top 25%. Persons earning $ 32 thousand and over pay 97.01 % of income tax. Top 50%. Persons earning less than $ 32 thousand pay 2.99 % of income tax. Bottom 50%. These figures are for federal income taxes only. They do not include payroll taxes which account for ~40% of federal revenue. (pre the Heritage Foundation) - "Workers with pre-OASDI incomes from $17,813 to $27,732 have the highest average effective Social Security tax rate (10.3 percent). 11 Workers in the highest income group have the lowest tax rate (6.7 percent)."
Does a five figure income mean ten thousand dollars?
A Five figure income can mean any figure from 10,000 to 99,999
What is the local tax rate for solon Ohio?
Solon, Ohio has a city income tax rate of two percent. Property tax for property costing approximately $100,00 is currently two thousand dollars.
