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You are the only one that has all of the necessary information that will have to be reported on your 1040 FEDERAL income tax return for the year in order to do the calculation for the numbers that you are looking for.
After you complete your 1040 federal income tax return correctly to your TAXABLE INCOME and page 2 lines 43 and Line 44 you will know the amount of your income liability before any credits or other taxes.
Continue from Line 45 to the last lines at the bottom of the 1040 page 2 and then you will know how much taxes you will have to pay if any after you complete your 1040 income tax return correctly.
What else can I help you with?
Whats the tax bracket percentage for a person making 50k a year?
350Type your answer here... 350
How much taxes do you pay on a slip and fall settlement?
The settlement will be listed as income on your Federal tax return. You will pay the tax percentage of the bracket you are in that year.
What is the tax bracket for 125k married filed jointly?
The tax bracket for a couple filing taxes as married filing joint and making $125,000 is 25 percent. This is based on tax year 2014 information.
How do you compute Philippine tax refund?
Try to compute your tax, that is your basic income times number of months you have stayed with the company less SSS, Philhealth and Pag-ibig remittances times the number of months you used before then subtract your exemptions. Now, you have your taxable income, looked on the tax bracket that correspond to it,anything over the starting bracket needs to be multiplied to the percentage of the bracket plus the amount before the percentage. It is now your income tax for the year. Compare it with the amount of tax deducted in your salary times the number of months it is deducted to you at the start of the year (this corresponds to the tax you have paid for the year). The answer to this less the income tax means either your tax refund/rebate or tax that needs to be paid.
What is the difference between rates and taxes?
This would depend on how the words are used. The federal income tax marginal tax rates (brackets) would be the percentage amount that is applied to each bracket amount of income for that filing status. The bracket percentage amount go from -0- percent to the maximum 35% for the 2009 tax year income. Taxes Income tax liability would be the amount of taxes that is owed on your taxable income at your marginal tax rates after your income tax return is completed correctly for the year.
Whats the tax bracket percentage for a person making 50k a year?
350Type your answer here... 350
Can you explain what your tax bracket means?
Your tax bracket is the percentage of your income that you pay in taxes to the government. It is determined by how much money you earn each year. The higher your income, the higher your tax bracket, and the more taxes you will owe.
What is the tax bracket for 125k married filed jointly?
The tax bracket for a couple filing taxes as married filing joint and making $125,000 is 25 percent. This is based on tax year 2014 information.
How much taxes do you pay on a slip and fall settlement?
The settlement will be listed as income on your Federal tax return. You will pay the tax percentage of the bracket you are in that year.
What are the possible March Madness bracket combinations for this year's tournament?
There are a total of 9,223,372,036,854,775,808 possible bracket combinations for the March Madness tournament this year.
What is the tax bracket percentage for a person making 21923 a year?
For 2006, if you were single and had "taxable income" of 21,923, your federal income tax would be $2,911 or 13.3%. However, if 21,923 was your total gross income, and no one else can claim you as a dependent, you get a standard deuction of 8,450, taxable income of 13,473 and your tax is 1,644 which is 12.2% of the taxable amount and 7.5% of 21,923. This is federal taxes only...state tax varies by state.
What is a social bracket?
its like this family groups who earn about less than 25,000 per year are located in the social bracket where(6% taxes) the next tax bracket is 8.75% for the following family group 100,000 grands per year in this example the social bracket is the family group
What percentage of tax do you have to pay on commissions from commodities sale?
When claiming commissions on commodities or stocks they are simply added into your total earnings for the year. You get taxed at a rate dependent upon your total earnings ( your tax bracket ).
Is making 35000 dollars a year good for a person who's single?
Yes it is
Do you think a 15 year old date a 17 year old can it work or not?
The odds of a 15 year old or even a 17 year old of making a relationship work is an extremely low percentage. 15 is too young to date, but besides this young people often fall in and out of love many times before they meet the right person.
How do you compute Philippine tax refund?
Try to compute your tax, that is your basic income times number of months you have stayed with the company less SSS, Philhealth and Pag-ibig remittances times the number of months you used before then subtract your exemptions. Now, you have your taxable income, looked on the tax bracket that correspond to it,anything over the starting bracket needs to be multiplied to the percentage of the bracket plus the amount before the percentage. It is now your income tax for the year. Compare it with the amount of tax deducted in your salary times the number of months it is deducted to you at the start of the year (this corresponds to the tax you have paid for the year). The answer to this less the income tax means either your tax refund/rebate or tax that needs to be paid.
How much is 39559.00 an hour?
A person grossing 39,559 in a year is making 19.02 an hour.
