 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..... |
|
 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?... |
|
 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 ... |
|
 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 ... |
|
 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 ... |
|
 I havent done my Business Taxs in 2 years....? |
| ... and Just recently got a letter saying if i dont do them by the 24th of oct. They will send me an estimate of how much they think I owe and add penalties. I have allof my receipts just stuff in a ... |
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 I filed my taxes and got a refund.... but I never received my stimulis check.. No info on computer? |
| I want my stimulus check!! I filed my taxes but received no check. I checked the computer site but it says no info available. Who do I ask? Where do I go?... |
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 So, so confused about this stimulus check and if it will be DD or paper sent...? |
Went through Turbo Tax and had the fee taken out of the refund for the state fee, Federal return was free.
Now I know what Turbo Tax says about using Santa Barbara Bank and stuff. They say ... |
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 I think I made a mistake. Now what? |
| I got a notice in June 2006 saying that my Federal Income Tax for 2004 was incorrect and I owed money. I've been using the EZ form for 12 years, do it all myself and have never had a problem. I ... |
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Helen | What percentage of pay is taken off for tax? And what percentage is taken off for National Insurance? |
As above really - I want to calculate my pay very accurately. |
 |
 
Alex G
|
Contrary to all the other answers.....
As a normal, run of the mill taxpayers this is how it goes!!
Look at what tax code is on your payslip. Most people have 522L. Remove the L and replace it with a 9, ie 5229. This is your tax free alowance for the year.
If you get paid weekly or monthly then you will need to divide the following figures by 12 or 52.
The first 5229 you earn is tax free, the next 2230 is taxed at 10% the next 32370 at 22% and the remainder at 40%.
With national insurance use your tax free allowance again and then the remainder is taxed at 12.8%.
Add the tax and ni deducted together and then subtract from your gross pay and you will be within a few pence of your net pay.
Hope this helps, if not send me your net pay figure and I'll show you the calculations.
Alex |
|
OriginalBubble
|
It depends on how much you earn. If you are in the basic tax bracket (up to around £34k) then its 11% national insurance and 22% tax - but you obviously have your tax free bits depending on your tax code. |
|
ellie
 |
if you go onto www.hmrc.gov.uk then there is an online calculator that you can use.
It's difficult to give a definite answer as it depends on your tax code for tax.
It is 11% on all earnings over £100 for NI. |
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steffi
|
Look at www.listentotaxman.com. |
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AniKa
|
depends on how much u earn, |
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paul m
 |
if you are in the lower tax bracket earning around £35,000
and you have a tax code of around 525L, this would allow you about £105 a week before you pay tax.
so, if you earn say £305 aweek, it would go a little like this>
£305 - £105= £200.
£200 - 31% = £138.
£138 +£105= £243.
this is my easy way to work it out.
£305 gross = £243 net (take home)
this is roughly what you could expect,
because there is also a tax free amount
to take into account.
hope it helps |
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Croxx
|
What salary - check out the HMRC site. |
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Shine
 |
i think it depends on what tax code you have... |
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Mike Sanders
|
the amount of tax is dependant on your income and if you have any tax exclusions/write offs.
Speak with an accountant. |
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