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How much income tax do you have to pay on 12000?

How much income tax do you have to pay on 12000? In: http://wiki.answers.com/Q/FAQ/2083, http://wiki.answers.com/Q/FAQ/3440[Edit categories]Read more: How_much_income_tax_do_you_have_to_pay_on_12000


Does an adult daughter have to pay tax on a 12000 gift from her parent?

If it is a gift from you to her, and YOU paid for it, if a tax is applied, you will pay it.


If you make less than 12000 dollars a year do you have to file income tax?

Yes. The federal threshhold for income to become taxable is less than $12K


Do the wealthy pay income tax?

The wealthy do pay income tax, and since the wealthy have more income, they must pay more money in income tax.


How do you do income tax?

Is something missing from this question? It doesn't make a lot of sense. Do you mean how do you avoid income tax? Do you mean how does the government tax income? Do you mean, how do you caluclate the amount of income tax that you will have to pay?


What is difference between tax free and taxable income?

You don't pay tax on the tax-free pay and you do pay tax on taxable income


Do professional punters pay income tax?

all people pay income tax.


Do you have to pay tax on money earned by providing a service?

Yes I am afraid so.It does not matter how you make income you have to pay tax on it.


Does selling a boat count as income and do you have to pay income tax on that?

That depends on what you do for a living. If you sellf the boats for a true living then yes you have to pay income tax. But that's also because of the salary you make. AKA your paycheck.


What do you pay income tax on?

Could it be your income??


Why do half of tax filers pay no tax?

The simple answer is because they don't make enough income or qualify for refundable tax credits, such as earned income tax credit or additional child tax credit.


Do you need to pay monthly and quarterly income tax even though you have paid the annual income tax?

yes we have to pay tds and advace tax beside anual income tax