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Your vacation pay income tax rate will be the same as the income tax rate on all of your other gross wages income from the same employer.

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Q: How does the Rate of tax on vacation compare to the rate paid on income?
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Does vacation pay be paid on your annual income?

Yes, "vacation" pay is treated the same as any ordinary income.


What is the formula for calculating the average tax rate?

Average tax rate equal (=) Taxes paid/Taxable income


Who would pay the most as a portion of income under a regressive tax?

Under a regressive tax your tax rate goes down as you make more money. (Total Tax Paid) / (Income) = (Percent of income paid). As the tax rate goes down, the more you make the lower this number will be.


Do you get vacations if you are a bounty hunter?

You would be working as an independent contractor, so you can take a vacation whenever you want to. Since you don't have an income if you don't bring in any fugitives, there is no paid vacation.


How much tax is paid on winning a house?

Taxed at your ordinary income rate, which varies person by person, based on other income, deductions, dependents, losses, State rate, city rate, etc., etc. and of course on the value of the house.


How do you convert after-tax salary to before-tax salary?

Divide your post tax income by your effective tax rate %. (After tax)/(effective tax rate %) = Before tax income Your effective tax rate is your tax amount divided by your taxable income (net any deductions). (tax paid in $ + tax bill/refund)/(income - deductions $)


When was Paid Vacation - album - created?

Paid Vacation - album - was created in 1993-06.


Is Matt Lauer on vacation?

when is he not on vacation, 7 figured paid vacation


What is the income tax rate for Macedonia Ohio?

2.25% Effective 1/1/112.0% can be credited from taxes paid to other municipalities


How did how did the lower tax rates of the 80s and 90s affect the share of taxes paid by high-income taxpayers?

High-income taxpayers paid a larger portion of the tax bill when the top marginal rate was less than 40% than when it was 70% or more.


What percentage of income tax is paid by what income group?

These numbers are for Federal Income Tax for 2008.The top 50% paid 97.3% of all Federal Income taxes collected.The top 10% paid 69.9%The top 5% paid 58.7%The top 1% paid 38.2%The bottom 50% of income earners only paid 2.7% of the total Federal Income tax in 2008


Does a teenager have to pay taxes on money that they make while babysitting?

Technically, yes. All income earned must have federal income taxes paid. State income taxes may also be owed. Fortunately, a minor's income tax rate is usually 15%.