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== == The work performed really makes no difference in how tax is calculated..essentially, (while no tow people pay the same because of the below), the tax of 2 people with the same income from any earned income source is the same.
the tax paid depends on many, many things...not the least of which is what you consider tax. Many people group all their withholdings as a type of tax, but many may not be. Workers Comp, Unemployment, even FICA are all really more an insurance payment than a withholding against an income tax. The amount of tax withheld or eventually paid also depends on many other things...obviously which state (or even city) your in, the amount of income your projected on earning over the year, (which helps determine your tax bracket and the percent that may be needed), as well as your filing status, number of dependents and other deductions. All these things can be adjusted for your circumstances by properly and completely filling out (or changing) the Form W-4 all employers ask you to. Finally, there are a number of different legal ways for the payroll provider to calculate certain aspects of the amount to withhold...but overall they make only a small difference. Remember, anything withheld is just being done as an estimated installment payment toward whatever tax, if any, you do ultimately owe. If too much is withheld, it is refunded. (Too little, and you could pay a penalty). Again, adjusting your W-4 is the way to correct for any of these circumstances.
What else can I help you with?
How do you compute expanded withholding tax on sales of goods if there is discount?
compute nased on net sales
How do you compute Community Tax in the Philippines?
To compute the community tax, you will need the basic community tax that should be applied based on income. As of 2013, the minimum basic community tax is five pesos for individuals, and five hundred pesos for corporations.
How do you compute capital gains tax?
To compute capital gains tax, subtract the original purchase price of an asset from the selling price to determine the capital gain. Then, apply the capital gains tax rate to the gain to calculate the tax owed.
How do you compute the tax due if my taxable income is 30000?
Use the formula supplied by the tax authorities in the country in which your reside.
Do government tax agencies use accounting information to compute taxes?
Yes
Tax advantages of private limited company?
can someone spell out what fringe benefit tax is and how an accountant of a compnay should compute the same
How to compute after tax salvage value?
Salvage Value - [Tax * (Market Value - Book Value)
How to compute tax?
I'm afraid your question is far too broad. Entire college courses are dedicated to your question.
How do you compute the personal income tax?
Income Tax DSC, Digital Signature for Income Tax, Return e Filing, ITR to authenticate your identity electronically, Get Class 3 digital signature for Income Tax to save your privacy. You can easily submit your Income-tax with the help of DSC (digital signature for income tax).
What formula in Microsoft excel would compute a total cost with tax?
=SUM(A1:A12)*.065 [assumes A1:A12 contains the purchased items and the tax rate is 6.5%]
If you live in Tennessee and buy from a dealer in Georgia do you have to pay sales tax?
Yes. Tennessee levies a use tax (at the same rate as the state sales tax) on large purchases from other states. You can arrange to have the dealer compute your tax and wrap it into the purchase price or you can pay the tax separately in Tennessee.
How do you compute the profitability index of a capital-budgeting proposal?
Dividing the present value of the annual after-tax cash flows by the cost of the project
