a lot of money for a 15 year old
10000 is wrong i am a kid
$10,000
how much income can you earn as a retired couple before filing a tax return
debit cash 9000debit tax 1000credit interest income 10000
$599
10000 is wrong i am a kid
$10,000
how much income can you earn as a retired couple before filing a tax return
10000 dolar in a weeks
debit cash 9000debit tax 1000credit interest income 10000
There is no average income tax rate in America; income tax rates are determined by how much you earn. For example, if your taxable income is below $8500, then you will only need to pay 10%, while if you earn above $38000, then you will need to pay 35%.
Your question is backwards. There is no income on tax. However, there is a tax on income. This is known as income tax. Income tax is a system created by the government that takes a percentage of your income out of your check based on how much money you earn. Generally speaking, the higher your income, the higher the percentage of it the government takes.
To answer your question, the taxes you pay on the money you earn (salary, income) is called income tax.
Depending on how broad your interpretation of "earn" is, it can be a wage tax, a payroll tax, or an income tax.
No
$599
The state where you work and earn the income wants to collect some state income tax on the income that you earn in that state.