Yes that is the way the withholding tables work for the income tax that the employer uses for this purpose.
Yes that is correct when you claim married less income tax will be withheld from your gross wages. You do NOT have any taxes withheld from your net take home amount that is on your paycheck.
if u make less than 1200 a year no you dont have to file taxes
Generally, no, but always check with a tax preparer, CPA, or a tax attorney to be sure.
It means the salary BEFORE the taxes are deducted
No, if you made anything less than $600.00 in one year then you do not need to pay taxes on that income. However, you should still file your taxes for that year.
Taxes are taken out.
No Actually, under the new Obama tax law as signed - it will be a larger check with less tax taken out. By about 2%.
Yes that is correct when you claim married less income tax will be withheld from your gross wages. You do NOT have any taxes withheld from your net take home amount that is on your paycheck.
You can pay less on taxes by taking advantage of tax deductions, credits, and exemptions, contributing to retirement accounts, investing in tax-advantaged accounts, and staying informed about tax laws and regulations.
You can pay less taxes by taking advantage of tax deductions, credits, and exemptions, contributing to retirement accounts, investing in tax-advantaged accounts, and staying informed about tax laws and regulations.
You can pay less taxes by taking advantage of tax deductions, credits, and exemptions, contributing to retirement accounts, investing in tax-advantaged accounts, and staying informed about tax laws and regulations.
if u make less than 1200 a year no you dont have to file taxes
You can legally pay less taxes by taking advantage of tax deductions, credits, and exemptions, contributing to retirement accounts, investing in tax-advantaged accounts, and staying informed about tax laws and regulations. Consulting with a tax professional can also help you find ways to minimize your tax liability within the bounds of the law.
Comparatively when you have more income or less deductions/exemptions.
Your gross pay is less than your salary because it is the amount of money you earn before deductions such as taxes, insurance, and retirement contributions are taken out.
Yes, you may still need to file taxes even if you made less than 15,000, depending on your specific circumstances. It is recommended to check with the IRS or a tax professional to determine if you are required to file.
Generally, no, but always check with a tax preparer, CPA, or a tax attorney to be sure.