 Do I have to pay taxes if I have large amount of deposited in Bank of America? |
I have Bank Of America checking account, and I have a large amount of money transfer from my PayPal ( about over $2000/month ). Do I have to pay taxes although it is not my income?
(I will ... |
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 Employer won't send my W2's? |
| I left my last job which I was at for 7 years, I moved, and my employer won't send me my W2's. I am still in contact with a girl who works there still, as a friend & I gave her my ... |
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 Tax refund? |
| as i work for a company, can i claim back money on tools i buy to use for my work or is it only the company that can do ... |
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| Stmlus check? |
| if im getting chek in mail when should i recieve it my last two no.60 they said they started early with getting the direct deposit out will i get my check early when will i get it i hve kids they ... |
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 If i made a donation of 300$ what would i get back since it was tax deductible? PLEASE HELP MEE = D? |
| I made a donation of 300$...it was tax deductible and they gave me recipts to fill out and turn in when i do my taxes...what will i get back...will i get back everything i donated?? just curious and ... |
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 Federal Returns Vs. State Returns. Deposited on separate dates? |
I did my taxes online with turbotax.
Today, I received by state refund in my checking account (direct deposit) but I did not receive my federal return.
Is this normal?... |
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 What happens if you haven't filed a tax return for 6 years? |
| I just found out that my brother hasn't filed a tax return for the last 6 years. I guess it started because he thought he would owe a lot the first missed year but would of gotton a refund the ... |
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 Why don't we replace the income tax with a sales tax? |
| I'm talking on a federal level. A tax of 15-20% would be roughly equal to what the IRS takes in in sales tax. This would be more fair to the people, because it taxes on how much they spend, ... |
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 No stimulus check for me? |
Greetings,
As of today 5/02/08 I have not received a stimulus payment from the government. I did use direct deposit when I filed this year. Is it a logical assumption that I won't be ... |
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 I owe irs am i still eligable to receive stimulus? |
The irs is garnishee my disability checks, Can i still apply for a stimulus check and have that amount deducted from what I owe?
I know I still have until sometime in Oct 2008.
Thanks for ... |
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 Roth IRA question? |
| I want to open a roth IRA, but have no idea where to start, should I open up an IRA in a bank or online somewhere. Also do you have to pay income tax on the interest received every year? What are ... |
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 WHAT DO I DO IF I DIDNT GET MY STIMULUS.... what now? |
| Well simply put i made about 6k last year with my part time job so i do qualify and i am no a dependent by any means as i did file my own tax return. however i still did not get my tax return and ... |
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 McCain's tax return? |
| McCain's wife won't release her tax return as she files separately because she is worth more than 100mil. McCain only claims 405K. Is this the kind of person we want to continue running ... |
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 1099 what happens if you do not include on your taxes? |
| What happens if I do not claim a 1099?What are the chances of being caught.I made about $3000.00.I would like not to claim just found out I am being 1099... |
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| Why have I not received my stimulus payment? |
| I signed up for direct deposit, my last 2 digits of my ssn end in 31 and I have not received any direct deposit (supposed to be no later than May 9). anybody else w/ problems? i didn't get a ... |
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mrgo27 | What percentage of each check should I save for taxes? I am self employed and live in Wisconsin.? |
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 |
 
ark_user
 |
100%
New simplified Wisconsin tax form.........
How much did you make?________ Send it in
If your income range is between $0 and $8,610, your tax rate on every dollar of income earned is 4.6%.
If your income range is between $8,611 and $17,220, your tax rate on every dollar of income earned is 6.15%.
If your income range is between $17,221 and $129,150, your tax rate on every dollar of income earned is 6.5%.
If your income range is $129,151 and over, your tax rate on every dollar of income earned is 6.75%.
Don't forget federal taxes, and FICA
Luck |
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Judy1
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You'll pay 15.3% of your net income for self-employment tax (social security and medicare). Net income is the total you took in minus your deductible business expenses.
As far as income taxes, it depends on your total income, your filing status, and if you have dependents and deductions. If you're somewhat middle income, figure 15% for federal, 5% for WI. If you are doing well and making quite good money, you'll probably owe more than that.
You'll need to make quarterly estimated payments both to the feds and to WI. |
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The Archive
 |
Save 40% of your check, in an interest savings account of some sort. Then at the end of the year, when you do your taxes you'll have enough to pay for the taxes plus you may have earned some interest off that making it worth it. Best thing to do, is to estimate what you'll make by the end of the year, then look at 2006 taxes and see what you paid/would pay and base it on that and take an equal amount out of each check. |
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outg426
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about 30 percent and you should cover yourself, it works for me most of the time |
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Fallon B
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I live in Oklahoam and I calculate 22.5% per check, that's income tax, plus FICA, SS, and all that crap. I never pay in. |
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john l
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save every penny you earn from jan. thru may for uncle sam the rest is for you |
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Barkley Hound
 |
A percentage can't be given without knowing the total income and expenses. If you make $100 a week the percentage is probably zero but at $1,000,000 maybe you can save 50% and still live like a millionaire. |
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Heinz M
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20% federal and whatever percent state income tax is 5 to 8%. ~
Don't forget FICA! |
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Newsub
 |
At the start of this year my boss decided to 1099all of his employees. All of the employees use his vans and equipment without charge. He pays for insurance and maintenance but we have to pay for all of the fuel used. My question is "Can we deduct the fuel we pay for on our taxes even though we do not own nor lease the vehicles?' Thank you for your assistance on this. |
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