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When you complete your 1040 income tax return correctly will be the time that you will know what your federal tax rate will be on your taxable income at that time it could be any where form the 10% to the maximum 35% rate after you add all of your other gross worldwide income on your 1040 income tax return.
For the tax year 2009 if you do NOT have any other income the marginal tax rate for a single taxpayer under age 65 gross income from box 1 of the W-2 form 35000 less 9350 = 25650 of taxable income to the 10% and 15% marginal tax rates for a total income tax of 3430 for the tax year 2009
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What effect do pretax salary reductions have on the federal income tax?
what effect do pretax salary reductions have on the federal income tax?
What is the monthly Federal Tax Rate?
Federal Tax Rate Table based on income
Is your federal tax bracket your average tax rate?
No the federal tax brackets would NOT be your average income tax rate on your income. Each separate federal tax bracket amount is your marginal tax rate for that amount of your taxable income that is in that bracket amount.
How much inheritance tax on 35000 dollars?
No federal tax. You need to consult a CPA or tax accountant to find out if any state inheritance tax applies or not. You did not mention what state this is for.
What is the federal income tax rate for 2009?
Essentially constantly variable and dependent on many things. 2 people with the same job and salary rarely pay the same tax.
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 $)
What is the rate of tds?
TDS Means Tax Deduction At Source .... Tax is the applicable Rate is to be deducted from the salary from the employee at the time of paying/ crediting the salary.... TDS rate is Depending on Basic amount ...
What tax rate are waitress tips taxed at?
Whatever tax bracket your salary fits into.
What is the federal estate tax rate?
For 2011, the federal estate tax exemption will be $5 million and the estate tax rate for estates valued over this amount will be 35%. The estate tax has also become unified with federal gift and generation-skipping transfer taxes such that in 2011 the lifetime gift tax exemption and generation-skipping transfer tax exemption will be $5 million each and the tax rate for both of these taxes will also be 35%. There is NO federal level inheritance tax.
How much of my income is generally taxed?
Your income tax rate would depend on what you salary is at. Someone at a entry level job would expect a rate of about 15% of the salary as income tax.
What is the federal income tax rate in Atlanta Georgia?
What is the tax on clothes in atlanta
What is the share of state taxes if the federal tax on a 12000 salary is 8 times the state tax?
I dunno, lets see, how about 1/8 of the federal tax, c'mon pal
