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 My siblings and I shared an inheritance what tax form should we use?
My siblings and I shared a pension when my father died but the company put the 1099 only to my sister is there a form to fill out so she isn't the only paying tax on the money?...


 Do I need to report a loan taken from a company on my income tax report?
I work for a company as a consultant, so I report my income on a 1096. I recently took out a loan from that company which I already signed a note saying I will pay it back in a certain number of ...


 How can I find out if my property taxes are beening paid?
I live in Beaumont, Texas, Jefferson County AND i WOULD LIKE TO FIND OUT THE VALUE OF MY HOME AND SEE IF THE PROPERTY TAXES WERE PAID....


 How much of my paycheck should I set aside for my taxes?
I have a part-time job that does not deduct federal tax from my paycheck. I am single with no dependents and I will probably make around $4000 this year from it. What percentage of my paycheck ...


 Is there any change in saral form the assement year 2006-2007.?
Please let me know is there any change in Saral form for 2006 - 2007.compared to 2005-2006. The last date of the filing is july 31st is that ...


 Do out of pocket medical expenses have to be paid in full to be itemized as a tax deduction for 2007 tax year?
I have a high deductible and over $5000 in out of pocket medical expenses so far for 2007....


 What is my filing status?
My spouse and I separated for the final time on July 31, 2007. I obtained a protective order for my children and myself which granted me custody. What is my filing status for the 2007 return. T...


 Been Emergency taxed for 4 months?
I've been in my job now for 4 months and i'm still been emergency taxed and i'm only 16. Does it sort out automatically or do i ahve to do something?
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 My dad Claimed me on his tax return but he wasnt supposed to how do i go about filing my taxes?
IM 21 i didnt go to school last year He wasnt supposed to claim me but he did i want to file my taxes but i dont know if im gona be held acountable if i put down that i was claimed on my taxes ...


 Food stamps, I know Im going to get bashed?
i got myself into big trouble. My kids and I recieve food stamps. I took on a babysitting job making some extra cash last year, but I never told the state. I am still way below the maximum amount to ...


 Would u hire part time employee in a tiny mom & pop neighborhood convenience store by paying undertable?
Husband & wife owns a tiny neighborhood convenience store(sells groceries, beer & wine, lottery) & works 7 days a week (about 80 hrs/week). They've been working in this arrangement ...


 Will i get a any money back if i only made $2160.00 last yr if i file my taxes?

Additional Details
an doi have to file taxes ive never done this ...


 Y am I not eligible for the economic tax stimulus?
I had a son nov 2007. i'm 19 yrs old n i filed my 2006 and 2007 taxes together in februaury. My mother didn't claim me, and still yet I did not receive a letter saying I would be receiving ...


 When you file your taxes this year what are you spending your money on?
When you recieve your check this year what do you plan on spending it on this year?And how do you plan on spending it and why?...


 How is inflation measured in the uk?
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 Should we we file joint or separate taxes?
I got married last April so this is all new to me. We live in California. My husband was a student last year and made $15,000. I made $57,500. I would like to know what is more advantageous as a ...


 What is the best way to file for taxes for a first time married couple?
My husband and I married in March of 2007? We have three children. I am wondering what way we can file and still get a good amount back. Last year I filed and received $5,000 and he filed and ...


 My Husband owes taxes for 2002-2005, Would he get the Rebate check???
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 How much do estate taxes cost? An old guy owns a house worth $700,000. How much tax will be due for him?
state of massachusetts. 6 kids will inherit. do they pay or does dad's estate pay?...


 Is there a state that do not have federal tax?
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kelly m
Going from a weekly paycheck to a bi-weekly paycheck. will i be bringing home the same?
after being paid weekly for over 4 years they have decided now to pay bi-weekly. my question is am i going to see a difference in what i am bringing home?i work 40 regular hrs and about 15 overtime in a week. could i just double what i bring home weekly to figure ut what i will be getting bi-weekly??
                     
 




zoomddy2
Your take-home will actually be slightly less, as the taxes will be calculated differently. Taxes are calculated on the dollar amount of the check . . . a bigger check amount will mean a bigger tax chunk taken out. It won't be THAT much of a difference, but it will be different. It'll also mean a slightly larger tax return at year's end.


Mathew
There could be a minor difference because the weekly and bi-weekly withholding charts are slightly different. It will only be pennies different from double what you were getting in the weekly checks if you work the same amount of time.


ne11
Rating
Yes, you will. You will be paid the same amount of money. You will get 2 checks per month instead of 4, generally. Sometimes, you may receive 3 checks per month, but they will be processed every 2 weeks. This happens in the annual cycle because of an odd number of days in some months . You'll get a paycheck every 2 weeks.

If your weekly check is $500 (gross), the bi-weekly check will be $1000 (gross).


ginger
Yes, you have it right.


mlpsq1996
Rating
For the most part, yes. The hardest thing for you is going to be having to learn how to live every 2 weeks instead of every week. It will mean redoing your budget and possibly allotting different due dates on some of your bills.


sporregar
It's the same amount of money, you just get it every other week. You'll be missing out on some interest in the bank because you won't be depositing every week now. Also, your 401k and company match (if you get one) won't be going in as often so you might miss out a bit there. Take home pay will be the same though.

You may need to re-arrange your payments to creditors to account for the new pay dates.


Joe S
Rating
are you serious???!! bi-weekly means you will get exactly double what you would per week. It's not like trying to work out the difference in pay between monthly and four-weekly, it's just double.


Judy1
Rating
Pretty close. Since overtime varies week to week, the numbers might not be exact, but it will be about double what you're getting weekly now.


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