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Your filing status would have an affect on this ans also and if you are a dependent on another individual taxpayers income tax return would affect the final numbers to.
The amount that would be less than your standard deduction and exemption amount for your filing status and of course if you had some income tax withheld from your pay.
Any of the amount above the your standard deduction amount and your exemption amount for the year would cause you to have income tax liability and this reduce the amount of any income amount that may have been withheld for the year.
What else can I help you with?
Minimum income to file taxes?
There is not a minimum income one must have in order to file taxes. Anyone can file taxes if they want.
What taxes do you have to pay on pension income?
Income taxes, generally. Some states exempt some pensions from income tax. If you are in the UK and are only receiving the State Pension as your income in retirement it is unlikely you would pay an taxes as the amount paid will be below your yearly tax allowance. If you add to the State Pension an allowance from monies saved in a company or a private pensions savings scheme then it is likely you will exceed your yearly tax allowance coupled with this the Government in order to encourage you to save in a pension scheme offers tax relief to scheme at the time the money is invested, so once it is then converted back into income like a wage or salary prior to retirement it then becomes liable to the equivalent of income tax. Like most matters relating to income tax it is very personal to the situation that you find yourself in, so if you need more in-depth information I would talk to your local tax office or a financial advisor qualified in tax related matters.
How much annual income do you have to earn in order to owe the IRS 18000.00?
We can't tell you, because how annual income translates into taxable income depends on a lot of factors.This may help:If are single and your taxable income was $88,000 in 2013, you would have owed very close to $18,000 in federal taxes.Because of deductions and exemptions, the annual income would have to have been somewhat higher, and it's hard to specify exactly how much because it depends on a lot of factors. At minimum, you should add the amount for the personal exemption (probably) and the standard deduction (again, probably) to come up with the annual income.
How do you get a refund from inherited monies that the company sent to the IRS?
I received an inheritance from my father's estate, and the company withheld 20% in taxes to the Federal Government. How do I enter this on my return in order to get those monies refunded?
Difference between available for sale securities and held for trading securities?
Held for trade securities are stocks and bonds that are held with intention of selling in order to generate profits. Therefore there will be a selling price and all unrealized gains and losses are reported on the income statement. The Available for Sale securities are bonds and stocks that are sold with no intention of profit and all unrealized gains and losses are included in Other Comprehensive Income. Both need yearly fair value adjustments.
Minimum income to file taxes?
There is not a minimum income one must have in order to file taxes. Anyone can file taxes if they want.
What is the minimum amount of income you need to earn in order to be subject to taxation?
The minimum amount of income you need to earn in order to be subject to taxation is determined by the tax laws of the country you live in. This amount is known as the "tax threshold" or "taxable income threshold." If your income exceeds this threshold, you are required to pay taxes on that income.
Does Steam do refunds?
No Steam does not do refunds. There is an exception. If you pre-order a game and want that pre-ordered game to be refunded, then it can be refunded as long as it is refunded before the game is released.
How do you cancel n get refunded?
You click cancel order and contact them for a refund.
What is the minimum amount of income you need to earn in order to qualify for unemployment benefits?
The minimum amount of income you need to earn in order to qualify for unemployment benefits varies by state. Each state has its own requirements for eligibility, which may include a minimum amount of wages earned or a minimum number of hours worked during a specific time period. It is important to check with your state's unemployment office for specific information on eligibility criteria.
Child support minimum wage?
Even if you make minimum wage, you will be expected to pay child support. The court sets the order based on your income and on certain allowable living expenses you may have.
What is the minimum income threshold that an individual must earn in order to be required to pay taxes?
The minimum income threshold for an individual to be required to pay taxes varies depending on factors such as filing status and age. For the 2021 tax year, a single individual under 65 years old must earn at least 12,550 to be required to pay federal income taxes.
How much yearly income is required in order to be considered wealthy in the US?
The average income in the US is around 40,000 dollars a year. Anything over this would begin to become more wealthy. Usually those that make over 100,000 dollars are considered wealthy.
How does market follows minimum wage?
A country's minimum wage - is the 'benchmark' for setting the amount of money a business has to make in order to pay its staff. The market must reflect the cost of the minimum wage, in that every commodity for sale must be able to contribute enough income for the business to be viable.
How much income do I need to buy a home?
It depends on your recurring monthly debt (minimum monthly payments). This number divided by your gross monthly income give you your debt-to-income ratio. This ratio can be no higher that 57 (but in most instances 45) with the proposed new mortgage payment in order to qualify.
How much income do you need to buy a house?
It depends on your recurring monthly debt (minimum monthly payments). This number divided by your gross monthly income give you your debt-to-income ratio. This ratio can be no higher that 57 (but in most instances 45) with the proposed new mortgage payment in order to qualify.
What does generic order mean in child support?
It can have different meanings depending on the jurisdiction. In some places, it means that the parent obliged to pay child support has no discernible means of income so minimum wage is implied and used for child support calculation.
