 Can I claim my married brother on my tax return? |
| My brother is 27, and I have financially supported him for the entire year. He made no money last year. I paid his rent for the majority of the year, although for the last 2 months he has lived ... |
|
 Has anyone found a tax e-file site that is absolutely free? |
My income is within the required limits of most e-file sites, but last year a website tried to stick me with fees after I entered all my info. Don't want that to happen again. Please help!
<... |
|
 I have not recieved my rebate check or my stimulus, what do i do? |
| I filed my taxes in the beginning of april, but i still have not recieved my refund or my stimulus, when i call the irs they leave me on hold for hours. who can i talk to about getting my money?... |
|
 How can I pay my rent? |
You see, I am falling behind. I need help or I'll get kicked out of my
house! Is there a way I can get $1,000 dollars ... |
|
 My family and i are leaving the uk at the end of September and we are in a spin, help..? |
ok so everything seems to be going full steam ahead apart from the odd thing...
My family and I claim tax credits and we notified them of our intenetion to move abroad on 1st september, they ... |
|
 Could you get away without paying tax if self employed in UK? |
eg if i dont fill out the self assessment forms - how can anyone be any the wiser?
also, what would they do if i spend all the money and had no left to pay tax???... |
|
 Can I claim my child as a dependent on my W4 before they are born to reduce tax withholdings? |
| My wife and I are having our second child in July. I want to change my dependents now to reduce my withholdings, but want to be sure this won't catch up to me when I file at the end of the year.... |
|
 Recieved the stimulus rebate, BUT did not get it on my dependant son.? |
| I thought we were suppossed to get an extra $300 for dependants? I have an 18 year old, but he is still in high school. Was I suppossed to recieve the 300 exra credit on him?... |
|
 Is there anyway i can claim my girlfreind on my tax return? |
| weve been living together for 3 years and i pay all the bills and she goes to college she just recently got a job with wendys about 6 months ago she dont make much but all her money goes to tuition i ... |
|
 Is this a way reduce taxes/.? |
| The British government allows a Muslim who has four wives to claim benefit for all of them, why? They should be treated as the rest of us, one wife, one benefit.... |
|
 I did not file my income taxes? Help? |
| I did not file last years income tax - I did at H&R block but only found out that I would only be getting back like 50 dollars from fed and 30 from state . Is it OK to file with Next years?... |
|
 Where can I pick up tax forms? |
| I need an arizona tax form and am not sure where I can pick one ... |
|
 I am divorced and the IRS took my refund to pay my ex-husband's debt. Any way to get my share of the refund? |
| I am recently divorced in 2007 and the IRS took my refund to pay my ex-husband's debt. Any way to get my share of the refund?... |
|
 Social Security Benefits? |
| Do you pay taxes on it? My mom who is 80 says no...T... |
|
 When a vehicle is reposed and the company sues you, do they have court cost picked up through the irs? |
| This truck was financed for 20,000 now they are trying to get 30,000 and have the irs take from us as well. However, they will not accept any money that has been offered or any payment arrangement ... |
|
 How much do we ask for? |
My husband got a job offer and they asked him how much he wanted. He said he wants to "bring home" $100,000 meaning after withholdings. We live in Texas. How much do we ask for?
A... |
|
|  |
Maja | Have I been taxed correctly? |
My monthly salary is 1083.33Ł. I have been taxed 220.54Ł. Isn't it too much?
Additional Details
my tax code is 522L |
 |
 
ChocLover
 |
It depends what your tax code is |
|
steffi
 |
If you Google hmrc/payecalculation, several sites will come up. Choose one, see the calculation chart, enter your details, and it will give you exact figures. |
|
firebobby
 |
It all depends on your tax code.
Add a zero to your tax code and this gives you the amount per year that you are allowed to earn before tax. Divide this figure by 12 and this is the monthly tax free amount. The tax paid should be about 20%, I think, of the tax free amount. |
|
Hamlet
 |
Doesn't look necessarily wrong I'm afraid. Is this just tax or a combination of tax and National Insurance (both elements should be displayed seperately on a payslip)?
The code which you qouted is what the vast majority of employees also have. It's called cumulative which means it takes into account all the tax and pay that you've had during the tax year when the monthly calculation takes place. What happens is the payroll system will add together all your earnings to date, work out what the tax should be at that point, look at what tax you've paid so far and deduct the difference. If your earnings decrease suddenly then the tax will proportionately decrease too - and vica versa for any increase. Check that there's not a little 'X' or 'M1/W1' after the bit which says 522L. This is what's known as Week1/Month1 calculation method and doesn't take into account any earnings/tax to date when it makes the calculation. This type of code is often refered to as the dreaded emergency tax. Sounds dramatic but is essentially a temporary code until either a P45 is applied or the Inland Revenue issue a cumulative code (which, by and large, is the fairest method of tax calculation).
In short - it's probably right! Besides, most payroll software packages that companies use tend to be pretty watertight when it comes to working out tax. Most people are usually alarmed at the amount that actually gets taken for tax and NI too. |
|
beetlejuicemrburns
|
20% of your yearly income minus £5225 which is your tax code. You still have NI contributions to calculate.
Plus, if you have only just started the job you could be getting "emergency" tax untill you are sorted out.
Here's a simple guide to the tax system... |
|
suerye
 |
This looks about right. Why do you think its wrong - have you spoken to your payroll dept? |
|
MANCHESTER UK
|
It all depends on your Tax Code. Talk to the Revenue & Customs team and they will confirm how much you should have been taxed. They really expect people to call them. |
|
Pleasant Peter Perkins
|
Your question is a little like asking if I have been raped appropriately?
Humourless tw*t. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
7 | 31 minutes(s) ago
| | | |
8 | 58 minutes(s) ago
| | | |
8 | 1 hour(s) ago
| | | |
8 | 5 hour(s) ago
| | | |
8 | 10 hour(s) ago
| | | |
8 | 1 day(s) ago
| | | |
8 | 2 day(s) ago
| | | |
8 | 3 day(s) ago
| | | |
8 | 4 day(s) ago
| | | |
8 | 5 day(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
