The amount of tax you pay on a $2,000 income depends on your country's tax laws and personal circumstances, such as filing status and deductions. In the United States, for example, the federal income tax rates are progressive, but with such a low income, you may fall into a lower tax bracket or qualify for tax credits that could reduce your tax liability to zero. Additionally, in some countries, there may be a personal allowance or threshold below which no tax is owed. It's best to consult the tax regulations specific to your location for an accurate calculation.
If I retire and my income is $4500. a month, how much federal income tax will I pay?
You don't pay tax on the tax-free pay and you do pay tax on taxable income
What answer? I see no answer here!
$600
The amount of tax you pay on $2,000 depends on your tax bracket, which is determined by your total income and filing status. In the U.S., for example, if this income falls within a lower tax bracket, you might pay a percentage ranging from 10% to 12%. Additionally, other factors such as deductions, credits, and state taxes can influence your overall tax liability. To get an accurate calculation, consider using tax software or consulting a tax professional.
How much federal income tax is paid on $9600.00
If I retire and my income is $4500. a month, how much federal income tax will I pay?
To calculate how much tax you will pay, you need to determine your taxable income and then apply the appropriate tax rate. Taxable income is your total income minus any deductions or exemptions. The tax rate you pay depends on your income level and filing status. You can use tax tables or online calculators to help determine your tax liability.
The wealthy do pay income tax, and since the wealthy have more income, they must pay more money in income tax.
You don't pay tax on the tax-free pay and you do pay tax on taxable income
all people pay income tax.
What answer? I see no answer here!
$600
yes,he has to pay 30% of income tax ,, bhawna :P........ i m aayushi :P
Too much, only billionaires should pay taxes. :-)
some much
No such thing..no maximum on how much money you can make, no max on how much tax you can pay