 What is a form 1099-IOD? |
| I was told by someone that you can file this form and get as much as 100% of a mortgage note back to me from the IRS/Government? and I was also told that this tax form is only used by the "rich ... |
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 Exempt from back up withholding? |
| I just recently received a adsense account for Youtube. I just made less than $10 this month now I've never had a job, never received a paycheck and I have never done taxes. So Under the w-9 ... |
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 How do you calculate non-taxable income? |
| Hi, I have a question about non-taxable income. I am looking at my parents' W-2s and can't distinguish between taxable and non-taxable incomes. For instance, if my mom contributed a part ... |
|
 Am i exempt from overtime? |
A friend recently informed me my getting salary may be unlawful or shady to say the least.
I am a line cook in a restaurant with absolutely no supervisory or executive powers (prep and ... |
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 How will i file if i get married in August for 2010 Taxes? |
This is kind of a long story but here it goes.
OK so i am I a college student and engaged to be married. According to my school I am a dependent of my mother until i am 24 or married. I ... |
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 If our council tax band is lowered can we claim a refund? |
| We recently discovered that our flat has been banded higher than all the other identical flats in our building. The valuations office has it listed as a 2 bedroom property but it is definitely only a ... |
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 If you donate an digital product to churches, is it tax deductible? |
| If I paid an author $200 for the rights to distribute his content in ebook form, and I sell it to some, but I also decide to donate it to my local churches, could I write off anything as charitable ... |
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 How much would be taken out of my paycheck? |
| I have to do some project and i need to know how much would be taken out of your salary for taxes if you made $10.00 an hour and worked 40 hours a week, which of course is $400.00. Apparently I'... |
|
 do they charge taxes when you buy something online? |
| I want to get something from guitar center but i dont feel like driving up there so i want them to ship it to my home but im just wondering if they also charge taxes. I have friends that have told me ... |
|
 What are the property taxes in Los Angeles County? |
| If I buy a house or condo, what would I pay in property taxes?... |
|
 income tax return question? |
| if i start working on the first of july of this year and i live in reading,pa and i get paid 7.40 an hour and i have 2 kids .....by the time i file my tax return about 6 months from now....how much ... |
|
 How much income tax do I have to pay as a 17 year old? |
| I have a summer job, and I make minimum wage in Arizona. I will only have this job for 12 weeks, and will make, at most, about 3000 dollars. What are the rules for minors paying income tax, unmarried,... |
|
 Does a British citizen who sells property in the United States owe US capital gains tax? |
| If a British citizen who has owned a house and land in the United States for many years sells that house and land, does that person need to file a US income tax return and declare the sale as a ... |
|
 Crash on UK roundabout, who is liable? |
| I was crossing a roundabout in a hire car (in the UK) no one was to my right & I could see a vehicle to my left had stopped, I then went to cross the roundabout & the vehicle to my left had ... |
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 what should my friend do amend her tax's return or wait for the irs? she filled her return incorrectly? |
she works a full time job and received a regular w-2 then she also worked a part time job which she received a 1099 mic.
she reported all of her income on line 7of her 1040,which was ... |
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Illiana Garcia | What percent [usually] is taken away from gross income to make it net? |
28% right? |
 |
 
StephenWeinstein
 |
Usually, employers follow the law, which says that they must withhold different percentages from different employees, depending on how much they make and what they put on their W-4 forms. If an employer usually takes the same percentage from every employee, the employee is probably doing something illegal, unless all the employees are paid the same amount per pay period and they filled out identical W-4 forms. The single most common percentage is 7.65% because that percentage is the exact percentage for anyone subject only to FICA, social security and medicare withholding, and not to income tax withholding. Usually, income tax is also withheld, but in different percentages for each person.
The total might occasionally be 28% by coincidence, but very rarely. No single percentage is usually correct. |
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PenelopeM
|
It will vary depending on your income, but reducing your gross pay by 25-30% will give you a reasonable estimate of what your net pay will be. |
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tro
|
you can count on 6.2% for SS, 1.45% for Medicare, and possibly 1% or more for state disability
the amount for income tax will depend on the way you filed your W-4
the lowest fed tax rate is 10% |
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MadMan
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No, it varies depending on the level of income. |
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