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You have to pay the corect and full amount of tax due for your situation. There is no mimumum, and there is no maximum. You must pay 100% of what is due after all the items determining this are considered. In fact, almost 40% of the population pay no tax (because they don't owe any) and about hal of them actually get money back, more than they paid, in the form of credits and cash (through benefit processes like the Earned Income Credit or Child Credits).
What else can I help you with?
Which tax requires people to pay a minimum of 20 percent?
The tax that requires individuals to pay a minimum of 20 percent is known as the Alternative Minimum Tax (AMT). The AMT is designed to ensure that high-income earners pay at least a minimum level of tax by limiting certain deductions and credits. This tax applies to individuals and corporations who exceed certain income thresholds, effectively creating a parallel tax system.
Do you pay income tax on inheritance?
No Federal income tax due on inheritance.
Do you pay Federal Tax if you are retired in Florida?
yes
How much will you pay in federal taxes?
If I retire and my income is $4500. a month, how much federal income tax will I pay?
What do large US cororations pay in Federal income taxes?
what do large US corporations pay in Federal income tax
On a paystub what is the uss tax?
On my pay stub there is a USS tax and no federal tax? Is USS federal tax?
Do church's have to pay federal and state tax?
A church has to Pay State Tax.
Do Georgia residents pay a tax to the federal government?
Yes...all State citizens pay US federal tax...no exceptions.
I made 40000 and have 4 depentance,how much federal tax do i pay?
I made 40000 and have 4 depentance,how much federal tax do I pay?
Which tax requires people to pay a minimum of 20 percent?
The tax that requires individuals to pay a minimum of 20 percent is known as the Alternative Minimum Tax (AMT). The AMT is designed to ensure that high-income earners pay at least a minimum level of tax by limiting certain deductions and credits. This tax applies to individuals and corporations who exceed certain income thresholds, effectively creating a parallel tax system.
What states do not pay federal tax?
None
Do you pay income tax on inheritance?
No Federal income tax due on inheritance.
You have your w-4 from when you worked at Ross and federal taxes were taken out the federal taxes for 2 years plus . In Texas we do not pay federal taxes how do you get reimbursed?
Residents of all states pay federal taxes. Texas does not have a state income tax. If you lived in a different state and worked in Texas, you still have to pay state tax in the state you lived in. If you don't owe any federal tax, your tax professional will file a tax return to the federal government which will get you a refund.
Do you pay Federal Tax if you are retired in Florida?
yes
How much will you pay in federal taxes?
If I retire and my income is $4500. a month, how much federal income tax will I pay?
What taxes do W2 employees pay?
W2 employees typically pay federal income tax, Social Security tax, and Medicare tax.
What is the percentage we pay for tax to the federal government?
Federal and state corporate income tax share, 2.5%, Based on corporate.
