 New Labour doubles income tax for the poor? |
why do we stand for this doubling from 10p to 20p in the pound to pay for the profligate middle classes?
Additional Details
We all know Labour has stuffed up the economy; now they want ... |
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 I need to know how to claim my son on my taxes? |
| I have no work experience, but I need the money to support my son, and how much will I get back?... |
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 My wife & I will get 60K from a brother for down payment for a condo, how would we do it to avoid gift tax? |
| My wife's mother has lived with us for many years, recently her brother made an offer to "reward" us for taking care of the mother: He will give us the down payment to buy a house for ... |
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 Can anyone help me out with Simple UK Tax thing?? |
Last year( from April 2007 till March 2008), my gross earning is £7399.46 where I paid £1413.19 as Tax and £478.97 as NI.
Am i taxed normally?
If not, where do i complain? will i ... |
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 How do you plan to spend your tax rebate? |
I am thinking, GAS, GROCERIES and BILLS.
HOW ABOUT YOU?... |
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 I just want to know how much I would get back from taxes if I claimed my son...? |
| I only worked for 5 months the total of money I earned is 4 thousand dollars? Anyone know doesn't have to be exact amount? just a guess? my son is 3 and half year old..... |
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 I called the IRS hot line? |
| something to the effect of they could not find any info about my rebate, and something about may 16 anyone else get this?... |
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 I get emails regarding business set up where i have to process checks for an international company from its cu |
customers in the US. Keep 10% and send rest to the international company thru my bank account. Is this legal business or money laundering scheme.
Suggestions?... |
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 Tax rebate? |
| I know theres probably a million of these, but I keep getting different answers from different sites. I am a college student...I do work and file taxes. I meet the minimum $3,000.00 a year limit...BUT... |
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| Tax help! Why do my hubby & I always pay more federal taxes?!!? |
| Every year, we get the shaft and have to pay...and it's always a lot (federal taxes). What are we doing wrong? We don't make a lot, it's just me and my husband. We used turbo tax so we ... |
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 WHAT is A GREAT INCOME IN THE UNITED STATES? |
| Hi i was wondering what is a great income in the united states , if a person wants to live a great life..not good..GREAT? what is a yearly great income?... |
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 Do I file my taxes as married or single since I got divorced in November 2006? |
| I also have a son that lives with me, so shouldn't I claim head of household? I am not good at taxes and I want to make sure I know what to ask for before I take mine somewhere!... |
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 I need a loan for 2 million to pay off IRS back taxes. Is this possible? |
| Old taxes from years ago but IRS is getting anxious for the money. I own a business that is doing well and do not owe any current taxes. Just want them off my back. Hopefully we can compromise on ... |
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 What is Inheritance Tax? |
| Yesterday in the mini budget Mr Darling increased Inheritance Tax from £300,000 to £600,000, what is this tax and how will it affect the average ... |
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Kristin E | If i get paid 8 dollars an hour, then how much is taken out of that from taxes? |
Additional Details
i live in illinois and i am 16. does that help? i kind of want an exact number
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NC
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You would need more information to get an exact answer. How many hours did you work? What is the pay period? (weekly, biweekly, etc) What are you claiming on your W-4 for your employer to calculate your federal tax withholding? What state do you live in? Are you in a city that requires local taxes to be withheld, if so what city?
You can gather your information and use the hourly calculator at paycheckcity.com. (http://www.paycheckcity.com/NetPayHRatesCalc/netpayHRatescalculator.asp) I've used it for odd paychecks and with worked well for me.
Federal (and most state) withholding is not calculated by the hour, it is calculated on the entire paycheck. FICA (Social Security and Medicare) is a percentage (7.65%) of your pay. Your hourly withholding depends entirely on how much you made in that pay period. Unless you work the same number of hours each pay period, your federal(and state) could be a different percentage each paycheck. |
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tkquestion
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It's not just tax (income tax) that gets taken out. All sorts of deductions will be taken away from your income. You can figure you get to keep anywhere from 70 to 80% of your hourly rate. |
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A Landers
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$2.00 |
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Judy1
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7.65% total for social security and medicare, Amount taken out for other taxes depends on how many hours you worked, how you filled out your W-4, and where you live. |
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Joe M
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Figure at least 10% for taxes. It all depends on how many deductions you claimed when filling out your paperwork when you started your job. There are so many different variables that it's really impossible to give you an exact number. Once you get paid, take your net pay an divide it by how many hours you worked. This will tell you your exact take-home hourly rate. Keep in mind that due to your age, and how much you'll gross in a year, you're probably going to get back all of the state and federal taxes that were deducted. The FICA (social security) and other deductions will remain deducted though. |
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EVANS HERE YAY!!! WHAT A BIG GUY
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if you live in NY the best trick is to deduct 25 bucks for every hundred you make, It works out best cause more then likely you will deduct more then they take out in taxes so you get a better check then you were planning. I love planning ahed my bills and when that money comes in and I planned 280 and walk away with 308 I am happy. |
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Michelin
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Probably 2 dollars |
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A math student
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Depends on where you live, how much you work and your age. If your a minor you'll probably get all you money back from a tax return. |
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newlife
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Depends on where you live... if you are in the US, some states have income tax and some don't. Where I live, it would probably be at least 25% ($2) because we have federal tax (plus SS and all that other jazz) plus state income tax. |
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