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 Is a VAT inspection something to be scared of?
Are VAT inspectors as bad as I hear? Are they human? Can they close down your business and seize your goods and chatels? They want to come and inspect my books....


 A little more help please :(?
1. workers compensation received for injury or illness is not taxable.
a. true
b. false

2. a taxpayer cannot contribute to an IRA if he has a pension plan at work
a. true
...


 No federal tax law..?
Someone recently told me there is no law that says an american citizen must pay a Federal income tax. He also goes to claim that anyone imprisoned for not paying taxes is being illegally held.
I...


 Do I have to pay taxes on what I get paid for watching my friends child?
I watch my friends 2yr old 5 days week 10 hrs or more a day..she pays me $80.00 a week for this and deducts for days she misses and holidays. The average daycare around here is between $105 to $120 a ...


 At what age are you supposed to pay taxes?
...


 Why didn't my husband and I get $1200 for our stimulus check?
My husband and I got married in October 2007 and filed jointly this year. We made around $25K combined and had our refund deposited into our checking account. I was expecting $1200. However, I ...


 Will my employer give me a 1099?
I work for a couple(childcare) I keep theie daughter, my boss gave me aprint out of what I had made year to date titled "tax information" Shouldn't I receive a 1099 from her?
W...


 Pls. help me i hv recvd a mail from uk of winning of 500000 sterling pound in uk national lottery.Is it true?
i m little bit confused about that what should i do... they told me that courier charges will be borne by you so my dear frends could u pls.... suggest me should i send them courier service charges ...


 I received a deposit from the u.s. treasury for $300 but i already got my tax return. what on earth is this?
...


 I was pregnant in 2007 and I lost my baby at 26 weeks can I claim my baby on my taxes? Some one told me that?
...


 Is there anyone scheduled to receive their tax return today and don't have it credited yet?
(2/15, 12:19 EST).

...And is your bank First Citizens bank?
Additional Details
For those that have received their return via direct deposit, does the "Wheres my refund&...


 I am just applying for a new job ! it states 13-14,000 per annum working 17hrs a wk how much per hr?
...


 Is tax evil?
Everyone at work is struggling to cope financially and a few don't get proper food or clothing. We all work hard for 40 hours, but we're on NMW which barely allows people to surivive. P...


 Can any one tell me which state in the USA does not have property tax and or state tax?
...


 We hit AMT this year because WE PAID TOO much in taxes. Does that make sense?
Just did our taxes and we owe an extra $2K in AMT. Our ONLY itemized deductions are our State and City (NYC) taxes.

AMT was developed to make sure that the "rich" pay enough in ...


 How does one go about stoping your employer from taking out FICA taxes?

Additional Details
Maybe I should rephrase the question and ask...where do I found out how to become exempt from paying FICA -how do I qualify?...


 Whether we can file Married Jointly or Seperately?
My wife and I were married December 2006- for the 2006 Taxes can we file Jointly or do we have to file seperately being that the marriage occurred so late in the year?...


 Can I go to jail???Help me?
If I signed my ex's name on our taxes. He refuses to talk to me about anything and he was not working much. Our divorce was final 2008 so I filed married on our taxes and signed his name. Please ...


 Am I required to give my social security number to a new employer?
I'm being offered a job, but the company is not very well known, and I'm not sure if it's legit just because of all the scams out there.

They sent me a contract and tax ...


 What do i do if i didnt file my taxes last year?
I didnt file my taxes last year and i was expecting money back. Do I have to jump through hoops to get my money, or should i just forget about it? What forms do I need, etc....? Can I efile, or does ...



mrossi330
If I Net $550/week, what is my yearly Gross Income?
I live in Louisiana if that matters.
Additional Details
I claim single and one, I am 25. The only deductions from my check each week are Federal and state taxes, Fica, and medicare.
                     
 




martiniac
i would have to guess... right around 37,000 but it depends on you exemptions


yipeee2k
Rating
Well 550 Net is after taxes. 28600 would be your Yearly Net Income. I believe anyone under 30000 has a 10% tax bracket. The tax rate changes to 25% at 30000 so I'd guess you federal would be a little higher. I have no idea what Louisiana taxes are though. I'd just estimate 40% and that would put you at about 40000.

It would be easier to just multiple your week gross by 52. Aren't employers required by Law to provide pay stubs?


misslabeled
Rating
You would have to take your gross pay and multiply it by the number of weeks in a year (I expect you to do some thinking for yourself).


kutless
Rating
Your yearly gross income would be $550 plus whatever was taken off your check for taxes, medical, etc., and multiplied by 12 to yield your yearly gros sincome.


beautiful
$550 x 52 = about $28,600


joey322
your gross income is what you get paid before anything is taken out.

so, if you are paid 550/wk BEFORE taxes, then your gross yearly is 28,600.
if 550 is what you bring home, then you need to look at what you make before taxes.


James
We need to know how much you gross per week, not how much you net per week. There's no way to figure the problem out from your information because we'd never be able to add up the various taxes without getting way too personal.


todvango
Rating
Forgive me if I have this wrong, but if you are implying that your net take home is $550, it's kind of hard to extrapolate and guess your gross, because your net is not only after taxes, FICA, medicare, but you may also have other voluntary deductions coming out of your pay for hospitalization, dental, insurances, etc. etc.

Where is your weekly statement? It should have your gross pay. If you multiply by 52, you will have your annual gross income.


guidof16
You need to know your weekly gross to figure out annual gross. Your weekly gross is what you get paid before taxes and any other deductions (such as medical insurance) are taken out. Then just multiply by 52.


NETTA M
I think net is what you bring home, gross is what you actually made. To figure out your annual gross we would need to know what your weekly gross is. You and the person next to you can make the same hourly, and work the same amount of hours. You've grossed the same, but depending on your exemptions it's possible one person brings home (nets) more than the other. If you net $550/wk, you multiply that by 52 weeks per year and thats your yearly NET. Do the same thing for your GROSS after looking at your check stub and finding out what your gross amount is.


Lucinda
How much does my gross pay/per week need to be in order for me to net (take home) $400.00/per week? Federal income tax, medicare, fica and South Carolina State income tax are withheld and I just claim myself or "1". Thank you in advance, I really need some help here~!


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