 If we buy shares should we pay tax? |
| My friend who is currently doing MBA wants to open a demat account to buy shares worth Rs. 1000 (out of his pocket money, he doesn't have any income other than pocket money). But should he pay ... |
|
 If gordon brown cannot understand the implications of abolishing the 10p basic tax rate should he be ? |
| running our country? if we can work out that the poor will be 8p in the £ worse off and the better will gain 2p in the £ i wonder how he managed to be chancellor for all those years let alone ... |
|
 First time tax payer: should i get a person or do it on my own? |
| this is my first time paying taxes and i was wondering if i should get someone ( like h and r block "i got people" ads) or should i efile myself with one of those turbo tax. how much does ... |
|
 If you bought a car in 06...? |
| Is it true if you were financing it, you can write it off the interest when you do your taxes??? If so than i am LIVID ,and hate H & R block- Apparently thre is a whole bunch of things i found ... |
|
 Is it filing IT Retruns is compulsary, even if I m not paying any tax? |
Hi ya,
Is it filing IT Retruns is compulsary, even if I m not paying any tax. My cousin's salary is about 1.5 LPA.Is he required to file his retruns (as he can show that 0.5 L as ... |
|
| Claiming child on income tax? |
| this is going to be my first year that i claim my son. him being only seven months... my question(s) are, roughly, how much do you get per child... and recently my gf said that she is entitled to ... |
|
 I intend to work 2 fulltime jobs. One I do now is at 15K, the new one is 18k. What tax will I be paying? |
Both jobs are web related, and the second is web based entirely.
Do I have to inform my current employer?
Do I have to inform my new employer of this?
What this might implicate?
T... |
|
 My fiance has not paid taxes for 3 years now! WHAT TO DO!? |
| Okay so my fiance was a contracter for this company and was paid with a 1040 not a w-2. So we knew he was going to pwe taxes. Now we are having a real struggle with our bills. This year will be the 3... |
|
 If I owe too much in taxes will the Gov. cut out one of my kidneys while I'm sleeping to pay it back?? |
Come on...you know this section is too serious... ;-)
Additional Details
Ms. Angel, dare i say best answer... (dare! dare!)
That's how I think the term Yankee was coined ... |
|
 Would I or my father have to pay a gift tax if I give a $50,000 check to him from my savings? |
| The money was already taxed when I received it as income...does it get taxed again when I give it as a gift to my father?... |
|
 Im confused i know there a lot of these but? |
| will i get my stimulus refund through direct deposit or paper check? because some people say if you filed turbo tax and had them take the filing fee out of your rebate you'll get a paper check ... |
|
 How much will i get in this stimulis check? |
| i filed taxes for 2007 and made a bit under 30k and i am married with one child which is 17 months old how much money will i receive in this stimulis check? and when will i be receiving it?... |
|
 How much will I get back on my income tax return? |
I made $17,272.14, and they withheld $1,953.32 on taxes. I am a unmarried Tennessee resident, filing alone. Approximately how much can I expect to get on my tax return?
Additional Details<... |
|
 How long does a refund take? NOT THE STIMULUS CHECK? |
regular refund? we just filed regular no fast check thing.
we filed our return about april12. any idea how many weeks it should take? also no direct deposit.... |
|
|  |
momentarysilence | Is your employer supposed to take out federal and state taxes? |
I was wondering if your employer is supposed to take out federal and state taxes or if it is optional, I'm pretty sure that they are supposed to by law. I got my pay check on Wednesday and they didn't take out federal or state taxes on it.
Additional Details
I work for Applebee's and my check for the training and the week afterwards was only $102.68. I asked a friend of mine and she said that the reason they didn't take out any state or federal taxes could be because I didn't make enough. Could that be the reason? |
 |
 
really
|
Depends, if you own your company or are getting a 1099 at the end of the year, then no. But you should have been notified. If you filled out the standard w4 form then yes, but you may have checked the exemption box by accident. Ask your employer immediately as this will affect your taxes. |
|
acmeraven
 |
Did they withhold FICA and medicare? If you reported the correct withholding rate on the W-4 that you turned in then perhaps you are zeroed out for fit and sit in the tax tables? Check and make sure you are not being treated as an independent contractor; or if you are make sure you pay your quarterly installments. |
|
dwagsfive
|
Since you work for Applebees, I assume they follow the law and treat you as an employee. If your first check gross amount was only 102.68, this is only about 5200.00 for the year. For Federal, a single person (not a dependent of another) is entitled to a standard deduction of 5350.00 and a personal exemption of 3400.00. There would therefore be no tax on your 102.68 weekly check. Of course, there should be Social Security and Medicare withheld. States have different requirements, but 102.68 is probably too small to be taxable for state purposes as well. |
|
cowboy
 |
yes |
|
jim06744
|
they should be, as well as social security. might be that you are new and/or earning at very low level. did they have you fill out w-4 when you started? make sure they not pulling the independent contractor scam on you |
|
Mark S
|
Go to this site. You can check your withholding by looking at the appropriate table for pay frequency (weekly, bi-weekly, etc), marital status, # of allowances claimed and amount of Gross pay.
http://www.irs.gov/pub/irs-pdf/p15.pdf
You will notice that for some gross pay amounts, there is no withholding. It just means that, for that pay period, you didn't earn enough for federal or state withholding. ( Your state may have a similar publication) |
|
Amy F
|
As long as they took out FICA and medicare, which should come out of all checks, your friend is probably right and you didn't make enough to necessitate federal or state withholding. If there still isn't withholding when you have worked a full pay period, then you may want to talk to your employer. |
|
tx_trotter95
 |
If you are a W-2 employee, then they should be taking out taxes unless you claimed that you were exempt on your W-4. If you are a 1099 independent contract, then you are responsible for paying your own taxes, typically on a quarterly basis. |
|
Vincent C
 |
It depends if your classified as an employee or independent contractor. If your an IC, then their not supposed to. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 12 minutes(s) ago
| | | |
9 | 14 minutes(s) ago
| | | |
9 | 22 minutes(s) ago
| | | |
9 | 49 minutes(s) ago
| | | |
9 | 3 hour(s) ago
| | | |
9 | 7 hour(s) ago
| | | |
8 | 10 hour(s) ago
| | | |
9 | 2 day(s) ago
| | | |
9 | 6 day(s) ago
| | | |
9 | 2 week(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
