For 2009, if you're Single with no dependents and income of less than $5,000, then you're not required to file. You'd be required to file if your income were at least $9,350. If income tax were withheld from you earnings in 2009, then you should file for a refund of all federal income tax withheld. Your income is zeroed out by your standard deduction of $5,700 plus your personal exemption of $3,650.
None. Florida doesn't have State Income taxes and the threshold for Federal Income taxes is more than $5000 as the Standard Deduction for a single person for 2014 is $6200.
Much less making less money. About 50% of the people in the United States pay no income tax at all, and a large percentage of them actually get money back in the form of a earned income credit.
Yes, you have to pay taxes on your retirement at a rate determined by your retirement income, which should be much lower than your working income. Yes, you have to pay taxes on your retirement at a rate determined by your retirement income, which should be much lower than your working income.
a lot
You will have to complete your income tax return correctly to get the correct numbers that you want.
None. Florida doesn't have State Income taxes and the threshold for Federal Income taxes is more than $5000 as the Standard Deduction for a single person for 2014 is $6200.
Much less making less money. About 50% of the people in the United States pay no income tax at all, and a large percentage of them actually get money back in the form of a earned income credit.
Yes, you have to pay taxes on your retirement at a rate determined by your retirement income, which should be much lower than your working income. Yes, you have to pay taxes on your retirement at a rate determined by your retirement income, which should be much lower than your working income.
a lot
$3000
You will have to complete your income tax return correctly to get the correct numbers that you want.
If I retire and my income is $4500. a month, how much federal income tax will I pay?
oh yeah. Big taxes. (depends how much income, etc. but nevertheless!)
There is Income taxes, sales taxes, property taxes and school taxes but probably much more than that.
as much as they wont.... =)
This will depend on the source of the income.
To calculate how much you make after tax, subtract the total amount of taxes withheld from your gross income. This will give you your net income, which is the amount you take home after taxes.