 How should I do my taxes? |
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 What are the advantages and disadvantages of having a flat tax? |
It seems like a good idea to me, but as an economic centrist, I prefer to weigh all the options before deciding what I like.
Additional Details
That was TAX, not CAR.... |
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 How can I find out how much taxes I will owe if I withdraw from my IRA of $70,000? |
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I am 68, with low income which is less than $17,000 per year. No state taxes.... |
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 My husband is self-employed and "hires" a few guys to help him but he doesnt take taxes out of their checks.? |
| They get a 1099 at the end of the year. Is there any paperwork or anything they need to fill out to claim responsibility for their own taxes? Or is the 1099 enough?... |
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 Can two people who live with the same child claim that child? |
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 What is the penalty for over withdrawl on an IRA? |
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 Hom much is petrol in the area of the uk you live in?? |
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It's £1.009 a litre,at Welwyn Garden City Today!... |
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| Do i need to pay tax if i am selling used items on eBay? |
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 Why do I owe SO MUCH money? |
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| Can a 17-year-old move out of their house legally before turning 18 in NC? |
| I am a 17-year-old girl living in NC and I wanted to know if i can legally move out if I only have 5 months till I turn 18. I am not only moving out to just have freedom, my home life is terrible. My ... |
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 When emmigrating to another country do you lose your entitlement to uk state pension? |
Ive been woking for a while and have paid a fair old whack of national insurance and tax in my working life.
If i was to emmigrate to another country would i lose my basic uk pension. (Can i ... |
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 Well I have got to pay my road tax on my car today £99. My question is? |
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sakura | Received a 1099 form and my net income is $9800. How much money would I owe? |
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Dizney
 |
Impossible to answer! Don't forget the 15.3% self employment tax.
Filing status?
Dependents?
deductions?
State of residence?
Other income?
Withholding/ES payments?
Business expenses? |
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bostonianinmo
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15.3% of that plus whatever income tax based upon your filing status, etc. |
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cbwidow1
 |
Well lets see---- I have to use a 1099 and I made 8,000 last year, I owe about $1,500 But I also use the long form and deductions which brings mine down considerably to around $500 that I owe because of gas reciets and repairs on my car and mileage also. I use my vehicle for my job and use that for deductions. |
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joulesofaffection
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Go to TaxAct or H&R Block, and the website will calculate that easier, and better than anyone here could tell you!! |
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Judy1
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half way there is, yes, about half way there. The calculation she gave is for self-employment tax, but you don't divide it by two - the total is what you owe. You get to subtract half of it from you income before you calculate your INCOME tax, but you pay the full self-employment tax. Then you also have to calculate your income tax - that's in addition to the self-employment tax.
There's no way to answer what your total taxes would be, since your income tax depends on whether you have any other income, your marital status, filing status, dependents if any, deductions and adjustments. If you're single, no dependents, not a dependent, no other deductions or adjustments,and this is your only income, you'd owe somewhere around $1700 or $1800 total. Most of that is self-employment tax. |
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bigdaddy1728
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I recieved a 1099-misc this year and made $8000 and they wanted just under 600 bucks from me but its gonna depending on deductions and what not |
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Mawm
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www.irs.gov You can e file for free if your income is below 70k
Good estimate is the following, I just did this myself: Take gross multiply by 92.35% and then multiply that amount by 15.3% (.153) and then divide that amount in half, that will be your taxes if this is your gross income.
In your case 9800 * .9235 = 9050.30
9050.30 * .153 = 1384.6959
1384.70/2 = $692.35
Hope this helps, the web site was very easy to follow and helpful. |
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Barkley Hound
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It would all depend on all of your other income, if your are married, and what the deductions are.
If that is the only income and your are single then the tax would be about $130. |
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Debbie
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That is impossible to answer without more detailed information. Go to H&R Block. |
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