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How much money from taxes will be taken off my payroll I get paid 8.50 per hour I work?
The precise amount that will be taken from your payroll for taxes at $8.50 an hour, is determined by where you live and how many dependents you have. I live in Sussex, Wisconsin and I have no dependents.
How much taxes are taken out for 640 every two weeks with two dependents?
The amount of taxes taken out from a $640 biweekly paycheck with two dependents can vary based on factors such as your filing status, state tax rates, and any additional deductions or credits. Typically, federal income tax, Social Security, and Medicare taxes will be withheld. To get an accurate estimate, you can use a paycheck calculator or consult with a tax professional, as each individual's situation can differ significantly.
What happens if you have the wrong number of dependents on your taxes?
If you claim the wrong number of dependents on your taxes, it can lead to either underpayment or overpayment of taxes. Claiming too many dependents may result in a larger refund initially, but could lead to penalties and interest if the IRS determines you owe more tax. Conversely, claiming too few dependents could mean you owe more tax than necessary, resulting in a smaller refund or a tax bill. It's important to accurately report your dependents to avoid these issues.
What would the taxes be on 60000 with no dependents?
That would depend on the tax laws of the country in which you live.
Can you file taxes as head of household being single with no dependents?
I believe you need a dependent to have a household.
How much money from taxes will be taken off my payroll I get paid 8.50 per hour I work?
The precise amount that will be taken from your payroll for taxes at $8.50 an hour, is determined by where you live and how many dependents you have. I live in Sussex, Wisconsin and I have no dependents.
Why are there no federal taxes taken from your paycheck?
There are two reasons you may have no federal taxes taken is if you claim exempt on your W4 or if you claim a higher amount of dependents.
How to have the most taxes taken out of my paycheck?
To have the most taxes taken out of your paycheck, you can adjust your withholding allowances on your W-4 form to indicate that you have more dependents or deductions than you actually do. This will result in a higher amount of taxes being withheld from your paycheck.
When can I file taxes if I have dependents?
You can file taxes if you have dependents starting in January, once you have received all necessary tax documents.
If I claim 2 dependents on my taxes, will I owe taxes?
Claiming dependents on your taxes can reduce the amount of taxable income you have, which may lower the amount of taxes you owe. However, whether or not you owe taxes depends on various factors such as your income, deductions, and credits. Claiming dependents alone does not determine if you will owe taxes.
Do I have to claim dependents on my taxes?
You are not required to claim dependents on your taxes, but doing so may help you qualify for certain tax benefits.
What would taxes be on 9300.00 dallors?
The amount of taxes on 9300 dollars will depend on the number of dependents you claim. There are also deductions that can be taken for numerous different things, which may reduce your tax amount even more.
How much taxes are taken out for 640 every two weeks with two dependents?
The amount of taxes taken out from a $640 biweekly paycheck with two dependents can vary based on factors such as your filing status, state tax rates, and any additional deductions or credits. Typically, federal income tax, Social Security, and Medicare taxes will be withheld. To get an accurate estimate, you can use a paycheck calculator or consult with a tax professional, as each individual's situation can differ significantly.
What are the state and federal taxes on wages in Illinois?
Illinois state tax is 3% (a/o 5/13/2009) Federal taxes are dependent on amount of wages earned and eligible deductions/dependents.
Are pet's considered dependents?
On your taxes? Unfortunately, no. (They should be though!)
If you collected 18000 in unemployment with no taxes taken out how much will you have to pay back?
The answer to this depends on what state is involved, why there has to be any "pay back" (i.e., misrepresentation or ?) in the first place, etc. And as to the taxes not taken out, whether there is a tax liability depends on other tax issues such as deductions, dependents, etc. Check with a tax preparer for clarification.
What happens if you have the wrong number of dependents on your taxes?
If you claim the wrong number of dependents on your taxes, it can lead to either underpayment or overpayment of taxes. Claiming too many dependents may result in a larger refund initially, but could lead to penalties and interest if the IRS determines you owe more tax. Conversely, claiming too few dependents could mean you owe more tax than necessary, resulting in a smaller refund or a tax bill. It's important to accurately report your dependents to avoid these issues.
