 Payperiod is 10/1-15. Employee is paid, however resigns on 15th, not entitled to pay for the 15th.? |
They are owed travel expenses. Can the net pay for the 15th be deducted from the expense check? How would you handle such a situation?
Additional Details
They resigned in the morning.... |
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 UK-council tax. If paying by direct debit, is it Jan and Feb that i do not pay or feb and march? |
| Can't check on bank statement as they messed up last year and i had to make 12 payments. Thanks.... |
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 I had multiple jobs this year but want to file my federal taxes using the first W2 I receive? |
| And then go back and file an amended return when I get my other W2s. See, one of my jobs was with a huge charity, another was for the community college, and the last was for a small 8 person doctor&#... |
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 My mother-in-law is co-signing on a mortgage loan for us. The loan will be in her name. My husband? |
| and I will be on the title. My husband and I, not my mother-in-law will be making the mortgage payments. Who can claim the mortgage interest on their tax returns? She will not be making the ... |
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 Why did I get a refund if I still owe taxes? |
| I just got a letter stating I owe taxes from 2003...how come I have received a refund every year since then if I owed the IRS money? Why didn't my refund get put towards what I owe?... |
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 I claim single and zero on my W4. I just found out that I owe nearly $2000 federal! How can this be? |
I noticed that my federal taxes paid were exactly 10% of my income. Could this be the reason why? i never asked for a certain percentage to be deducted.
Additional Details
Adding more ... |
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 UK Tax levels are amongst the lowest in Europe - so why do we keep seeing complaints about high taxation? |
UK mean income tax is lower than most European countries
UK VAT is lower than most European countries
UK Corporation Tax is lower than France, Germany Japan and the USA.
Additional D... |
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 How much interest can I earn per year on a savings account without having to claim it on my tax returns? |
Additional Details
My total income is like 32,000
Also is there a site that I can find this info out for ... |
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 Stimulus check question? |
| so i am 18, i filed a tax return and my parents did not receive the $300 in their check for me... will i receive my own? i checked at the irs.gov site to see if i am getting my check and if i do it ... |
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 If you filled widow on your tax return...? |
Do you get anymore money on your tax rebate than just a single person?
Additional Details
Haha mojoeagle! I wouldn't be that stupid. Your comment makes me want to laugh(thinking of ... |
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 Being paid once per month versus twice? |
| I've started with a new company and they pay only once per month. I just got paid for my first full month. Is it my imagination or is the total of taxes taken out more if a person gets paid ... |
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 Can I include the value of recent repairs in my tax write off when donating an old car? |
| I would like to donate a very old and beaten up car. In addition to the Kelly Blue Book value for my car, I would like to claim the $700 in necessary repairs I recently had performed. Without these ... |
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 Who can claim a child on Tax Return? |
| Late June 2007-My daughter moved out of her residense she shared w/ her boyfriend, taking her child with her. She never held a job. Her boyfriend/ the father of her child held jobs here & there. T... |
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 I'm filling out my own tax return this year for lack of money to pay an accountant.................. |
what are the penalties for making mistakes - i.e., reporting numbers in the wrong place thereby changing AGI (for example)?
I just don't want to go to jail for making honest mistakes.<... |
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 Why is my Child & Dependent care credit =$0! TaxAct.? |
I paid close to $7000 for son's preschool but TaxAct software gives me $0 credit. I have entered all the info correctly.
I know the minimum child credit in my situation should be $600.
... |
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 Wrong social on w2? |
| does anyone know what forms need to be filed.. or the procedure when your ss# is wrong on your w2? my employer says that they cannot correct it.... |
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 Why do people allow themselves to be overwithheld on their taxes? |
By allowing yourself to be overwithheld and then getting a big refund check is like giivng the government an interest free loan all year.
On the IRS website, there is even a calculator where ... |
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jason s | I am 28 , if i withdraw my 401k, how much percent of it will i need to pay for the IRS? |
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shiprepairwoman
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It depend how much you have if enough to get to another tax bracket you will have some in each bracket. Assuming you are in a 25% bracket you will have 25% for IRS and 10% penalty but you might also have state tax and penalty so I would assume it will cost you about 40-45% of your retirement money to donate to the IRS. This means you will need to save almost twice as much to replace it and it isn't growing while it is gone. While you are paying it back you won't be saving other money for retirement so besides the 40-45% you are delaying your retirement 10 years or so. |
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bostonianinmo
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It's taxed as ordinary income. The tax will depend upon your other income. On top of that is the 10% penalty for early withdrawal.
Keep in mind that if you're still employed by the sponsoring employer you normally won't be allowed to withdraw the funds unless you quit. And keep in mind that if you're not fully vested, the amount that you are entitled to may be much less then the total balance in the account. |
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da_gibb
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so i take it you cant get a personal line of credit from a bank? taking money form your 401k is like what you do to stave off bankruptcy
and to answer your question, after the 10% penalty, it is counted as income. or may be that's pre 10% penalty. one or the other |
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Judy1
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You'll pay income tax on the withdrawal at whatever your rate is, plus a 10% penalty for early withdrawal. If you can help it, don't do it. |
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travelguruette
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If you really really need cash check on taking a loan from your 401k that you pay back to the account every paycheck. |
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Richard
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40%
Don't do it!!!!!!!!!!!!!!!!!!!! |
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Nathan
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IF YOU USE IT FOR COLLEGE I THINK IT IS TAX FREE.
I HAVEA FRIEND THAT DID THIS,THEY HAVE 2 NEW CARS,AND ARE STILL PAYING ON THE PENALITY. |
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chbac
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In case your total investment is less than $5,000, you can avoid the penalty part. |
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