How much income tax do you have to pay on 12000? In: http://wiki.answers.com/Q/FAQ/2083, http://wiki.answers.com/Q/FAQ/3440[Edit categories]
First, you offset as much of the rental income as you can with deductions for interest, depreciation, utilities, etc. Whatever net income remains, you pay tax on as ordinary income (depending on your tax bracket).
If I retire and my income is $4500. a month, how much federal income tax will I pay?
No...not deductible..if a dependent or not. It's a gift....as such, much morte than that and YOU could owe gift tax.
You don't pay tax on the tax-free pay and you do pay tax on taxable income
What answer? I see no answer here!
How much federal income tax is paid on $9600.00
First, you offset as much of the rental income as you can with deductions for interest, depreciation, utilities, etc. Whatever net income remains, you pay tax on as ordinary income (depending on your tax bracket).
It is like 12K of any income to you....basically you will pay at YOUR average rate, whatever that is.
If I retire and my income is $4500. a month, how much federal income tax will I pay?
No...not deductible..if a dependent or not. It's a gift....as such, much morte than that and YOU could owe gift tax.
If it is a gift from you to her, and YOU paid for it, if a tax is applied, you will pay it.
The wealthy do pay income tax, and since the wealthy have more income, they must pay more money in income tax.
You don't pay tax on the tax-free pay and you do pay tax on taxable income
all people pay income tax.
What answer? I see no answer here!
$600
yes,he has to pay 30% of income tax ,, bhawna :P........ i m aayushi :P