0
It depends on the filing status. For 2008: (Tax Rate Schedule X) * 10% on income between $0 and $8,025
* 15% on the income between $8,025 and $32,550; plus $802.50
* 25% on the income between $32,550 and $78,850; plus $4,481.25
* 28% on the income between $78,850 and $164,550; plus $16,056.25
* 33% on the income between $164,550 and $357,700; plus $40,052.25
* 35% on the income over $357,700; plus$103,791.75
(Tax Rate Schedule Y-1) * 10% on the income between $0 and $16,050
* 15% on the income between $16,050 and $65,100; plus $1,605.00
* 25% on the income between $65,100 and $131,450; plus $8,962.50
* 28% on the income between $131,450 and $200,300; plus $25,550.00
* 33% on the income between $200,300 and $357,700; plus $44,828.00
* 35% on the income over $357,700; plus$96,770.00
(Tax Rate Schedule Y-2) * 10% on the income between $0 and $8,025
* 15% on the income between $8,025 and $32,550; plus $802.50
* 25% on the income between $32,550 and $65,725; plus $4,481.25
* 28% on the income between $65,725 and $100,150; plus $12,775.00
* 33% on the income between $100,150 and $178,850; plus $22,414.00
* 35% on the income over $178,850; plus$48,385.00
(Tax Rate Schedule Z) * 10% on the income between $0 and $11,450
* 15% on the income between $11,450 and $43,650; plus $1,145.00
* 25% on the income between $43,650 and $112,650; plus $5,975.00
* 28% on the income between $112,650 and $182,400; plus $23,225.00
* 33% on the income between $182,400 and $357,700; plus $42,755.00
* 35% on the income over $357,700; plus$100,604.00
What else can I help you with?
What is the formula for determining state income tax on a straight percent basis?
The formula for determining state income tax on a straight percent basis is: State Income Tax = Taxable Income × State Tax Rate. Here, the taxable income is the income subject to taxation after deductions and exemptions, and the state tax rate is the percentage set by the state government. This method applies a consistent rate across all taxable income, simplifying the calculation.
If you buy a T-Shirt for 8 dollars and sales tax is 8 cents per dollar how much will you pay in sales tax?
64 cents
If you gross 1500 and have 4 kids are you going to get a refund?
IF this is qualified earned income that you worked for it is possible that you could receive a refund. You will NOT know the correct amounts until you complete your 1040 federal income tax return correctly. Your filing status, your age and how you made all of your gross worldwide income amount and if you had any sources of earned income (pay that you worked for) that has to reported on your 1040 income tax return and all of your other information that is required to entered correctly on each line of your 1040 income tax return will all be a part of the necessary information that you know and will have enter on your income tax return correctly to arrive at the correct answer of how much you might possible get back as a REFUND AMOUNT after your income tax return is completely correctly. If it is qualifying earned income and you are not a dependent on another taxpayer's income tax you return. IF you meet the qualifications for the earned income tax credit and the making work pay tax credit for the tax year 2009 you WILL NOT KNOW the amounts until you have completed your 1040 federal income tax return correctly. When you get to the last lines on page 2 of the 1040 federal income tax return line 72 where it says THIS IS THE AMOUNT THAT WAS OVERPAID then you will know how much your refund amount should be. If the amount is ZERO -0- and then you have an amount on line 75 AMOUNT YOU OWE.
How much will you get back for 2 child in taxes?
It could be possible for you to get the EITC maximum amount of 5028 for being able to claim two qualifying children on your 1040 federal income tax return IF you have over 12551 up to 16450 of qualifying earned income that you worked for in the tax year 2009. You will NOT know the correct amounts until you complete your 1040 federal income tax return correctly. Your filing status, your age and how you made all of your gross worldwide income amount and if you had any sources of earned income (pay that you worked for) that has to reported on your 1040 income tax return and all of your other information that is required to entered correctly on each line of your 1040 income tax return will all be a part of the necessary information that you know and will have enter on your income tax return correctly to arrive at the correct answer of how much you might possible get back as a REFUND AMOUNT after your income tax return is completely correctly. If it is qualifying earned income and you are not a dependent on another taxpayer's income tax you return. IF you meet the qualifications for the earned income tax credit and the making work pay tax credit for the tax year 2009 you WILL NOT KNOW the amounts until you have completed your 1040 federal income tax return correctly. When you get to the last lines on page 2 of the 1040 federal income tax return line 72 where it says THIS IS THE AMOUNT THAT WAS OVERPAID then you will know how much your refund amount should be. If the amount is ZERO -0- and then you have an amount on line 75 AMOUNT YOU OWE.
If tax rate is 10.75 percent how much taxes would you put on a 140.66 dollar purchase?
140.66 divided by 100 gives you 1%, which is 1.4066 then you muliply by 10.75 to find 10.75%, which is 15.12095, which would round up to $15.12. If you add this to your original purchase of $140.66 you have a total, including tax, of $155.78
When as far as tax brackets go is it counterproductive for a spouse to work?
Never. Tax brackets are on the next dollar...so you never make less by making more!
How often do federal tax brackets change?
Tax brackets are the specific tax rates people pay according to their incomes. These tax brackets can change every year. One may also change tax brackets if they have an income increase or decrease.
Can you provide a visual representation of the different tax brackets in a tax bracket graph?
Yes, I can provide a visual representation of tax brackets in a graph.
What is the purpose of the income tax brackets?
Income tax brackets enable the progressive taxation of income.
When determining the after tax cost of a bond the face value of the issue must be adjusted to the net proceeds amounts by considering what?
the flotation cost
What percentage is withheld from your paycheck in California?
The tax table below will show in detail the California state income tax rates by income tax bracket(s). There are 7income tax brackets for California.If your income range is between $0 and $7,168, your tax rate on every dollar of income earned is 1%.If your income range is between $7,169 and $16,994, your tax rate on every dollar of income earned is 2%.If your income range is between $16,995 and $26,821, your tax rate on every dollar of income earned is 4%.If your income range is between $26,822 and $37,233, your tax rate on every dollar of income earned is 6%.If your income range is between $37,234 and $47,055, your tax rate on every dollar of income earned is 8%.If your income range is between $47,056 and $1,000,000, your tax rate on every dollar of income earned is 9.3%.If your income range is $1,000,001 and over, your tax rate on every dollar of income earned is 10.3%.Income tax brackets data last updated March 3rd, 2009.
Who started the tax brackets?
The Sweedish National tax government did so
How many tax brackets are in the US?
6
What are the federal tax brackets for married couples?
The federal tax brackets for married couples are based on their combined income, with rates ranging from 10 to 37.
Which country uses tax brackets as part of its tax system?
South africa
What are the tax brackets for married couples?
Tax brackets for married couples are based on their combined income. The brackets are divided into different percentages based on income levels, with higher incomes generally taxed at higher rates.
A dollar-for-dollar subtraction from the tax liability?
Tax credits
