Assuming that your dependent lives with you and is under age 17, and that you do not itemize: Adjusted gross income 56,000 -Exemptions (2) 7,000 -Standard deduction 8,000 (Head of Household) Taxable income 41,000 Tax 5,578 -Child tax credit 1,000 Total tax 4,578
I claimed 0 and made 56,000. Shoud I owe
About 7400
Absolutely, positively not.Whether your parents or anyone else claims you as a dependent has absolutely no effect on your obligation or ability to file taxes. Some people mistakenly believe that if your parents claim you as a dependent, they claim your income, your withholding and your refund, too. This is absolutely not true.People who make more than a certain amount are obligated to file taxes. However, ANYONE is permitted to file taxes. If you are due a refund, you must file taxes in order to get the refund. Your parents cannot get your refund for you. Whether your parents can claim you as a dependent has absolutely nothing to do with you. You must file your own taxes for your own income and withholdings. And if you owe taxes, you are obligated to file and pay them.
It depends on what they took out for federal taxes, and if your state takes out taxes, and what deductions you claim
The amount of taxes you will owe if you made $20,000 will depend on your deductions. On average, expect to pay about 20 percent of your pay in federal taxes.
I claimed 0 and made 56,000. Shoud I owe
About 7400
Absolutely, positively not.Whether your parents or anyone else claims you as a dependent has absolutely no effect on your obligation or ability to file taxes. Some people mistakenly believe that if your parents claim you as a dependent, they claim your income, your withholding and your refund, too. This is absolutely not true.People who make more than a certain amount are obligated to file taxes. However, ANYONE is permitted to file taxes. If you are due a refund, you must file taxes in order to get the refund. Your parents cannot get your refund for you. Whether your parents can claim you as a dependent has absolutely nothing to do with you. You must file your own taxes for your own income and withholdings. And if you owe taxes, you are obligated to file and pay them.
we ae both single amd never made married to one another.
No,paypal does not take taxes out of payments made to you
taxes levied on goods made or sold within a country are called excise taxes.
It is not recommended. If you W2 form is lost the employer can change your withholding to single with no deductions. The employee should be notified so an adjustment can be made. An employer that knows that an error is made may have to change something. For example if an employee claims that last year he did not make enough to pay taxes and predicts that this year he will not have to pay taxes and starts making enough that he WILL have to pay taxes then the employer must start withholding taxes.
The Twenty-fourth Amendment of the Constitution made poll taxes illegal. =)
It depends on what they took out for federal taxes, and if your state takes out taxes, and what deductions you claim
taxes
import taxes or tarrifs
The amount of taxes you will owe if you made $20,000 will depend on your deductions. On average, expect to pay about 20 percent of your pay in federal taxes.