If you are single, NOT a dependent, dont have any dependents, then it would go something like the following.... Pleas note that this calculation is assuming that the $30000 are from a w2.
30000
-9500 Standard deduction and personal exemption
=20500 Taxable Income 2654 Tax
-6000 withholdings
=3346 Aproximate Refund.
With income that low...you should clearly get it all back...and with other benefits available to low earners, maybe even more.
Ted's after-tax income was $40,000, out of which he spent $30,000 and saved $10,000. The money he made available to firms for investing is the savings he did not spend, which is $10,000. Therefore, Ted made $10,000 available for investment by firms.
If you made money on the rent you will need to claim it as income.
You will know NOT know the correct amounts until you complete your 1040 federal income tax return correctly. your filing status, your age and how you made this 4000 to 5000 amount and all of your information that is required 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. If it is qualifying earned income and you are not a dependent on another taxpayers 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.
You compare income with expenses to see how much profit you have made.
With income that low...you should clearly get it all back...and with other benefits available to low earners, maybe even more.
30000
30000 BC
Intrest made on income is income, and as such, should be reported on your 1040.
Nothing. $0
Ted's after-tax income was $40,000, out of which he spent $30,000 and saved $10,000. The money he made available to firms for investing is the savings he did not spend, which is $10,000. Therefore, Ted made $10,000 available for investment by firms.
If you made money on the rent you will need to claim it as income.
By law, Medicaid is limited to low-income people.
Any income made in a calendar year should be reported as income when doing taxes. This can be determined by an accountant or tax preparer as to how to proceed with reporting and the dollar amount.
You will know NOT know the correct amounts until you complete your 1040 federal income tax return correctly. your filing status, your age and how you made this 4000 to 5000 amount and all of your information that is required 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. If it is qualifying earned income and you are not a dependent on another taxpayers 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.
You compare income with expenses to see how much profit you have made.
there are 40 books altogether