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Q: What is the federal tax amount taken from a prize of 1 million?
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How much do you win with 4 numbers on the hoosier lotto?

The prize for matching four of six numbers on the Hoosier Lotto is not a fixed amount. It is what is called a "pari-mutuel" prize. The meaning of this, taken from hoosierlottery, is: "Pari-mutuel is a prize that is calculated by splitting among the winning tickets for that prize either a fixed prize amount or a prize pool that is dependent on the amount of wagers made."


Why are there no federal taxes taken from your paycheck?

There are two reasons you may have no federal taxes taken is if you claim exempt on your W4 or if you claim a higher amount of dependents.


How federal tax is taken out of your check in the state of Texas?

The amount of federal tax that is taken out of your check in the state of Texas depends on your tax situation. Typically, you can except between 10 and 20 percent to be taken out for federal taxes.


What is the minimum amount to taken to collections?

According to page 2-10 of the Guide to the Federal Credit Bureau Program there is no minimum amount that must be met in order to be reported.


What does federal tax's mean?

Employees that receive a W2 from their employers usually fill out the Federal form W4 which determines the amount of federal tax taken out of each paycheck. The purpose of the form is to prevent underpayment or large overpayment of federal tax. As an alternative you can "block" federal taxes from being taken-which means having $0 per paycheck applied to federal taxes. This should only be done if you don't expect to pay federal taxes or your taxes are paid in another way (for instance through a spouse's withholding. This might also be done if the amount of tax that needs to be paid for the year is known at the start. A person could block the tax and then specify a flat amount taken out each paycheck. For instance if you pay $12000 a year in taxes and get paid once a month you could have a flat tax of $1000/month taken out. The advantage to this method is that rather than getting a refund at the end of the year you have use of the money through out the year.


What happens when a company don't take the right amount of taxes out of your check and in so you owe the federal money?

Ultimately the employee is responsible for setting and monitoring the amount of taxes taken out of a check. Whether the taxes were taken out over the whole year or not, you still owe the government the same amount of money come tax time.


What is the likelihood that a tax refund will be taken by the trustee during a bankruptcy?

Generally it depends on the type of BK when or if it has been discharged, the amount of the refund, and if it is a federal or state bankruptcy filing. As a rule at least a portion of the refund will be taken by the trustee, more likely the entire amount is subject to relinquishment.


What does federal tax blocked mean?

Employees that receive a W2 from their employers usually fill out the Federal form W4 which determines the amount of federal tax taken out of each paycheck. The purpose of the form is to prevent underpayment or large overpayment of federal tax. As an alternative you can "block" federal taxes from being taken-which means having $0 per paycheck applied to federal taxes. This should only be done if you don't expect to pay federal taxes or your taxes are paid in another way (for instance through a spouse's withholding. This might also be done if the amount of tax that needs to be paid for the year is known at the start. A person could block the tax and then specify a flat amount taken out each paycheck. For instance if you pay $12000 a year in taxes and get paid once a month you could have a flat tax of $1000/month taken out. The advantage to this method is that rather than getting a refund at the end of the year you have use of the money through out the year.


How much federal and state tax should you have taken out of your pension check you are married the amount of your check is 1100.00?

If your pension is your and your spouse's only income, Federal, 10%. Many States do not tax retirement income - you will need to check with your State.


Your paychecks gross was 2903.00 and 520.00 was taken out in federal tax was this right?

It is possible that the withheld amount is correct. You will have to get with the payroll department and ask them if the correct amount has been withheld from your gross pay before the check was printed for your net take home pay amount.


Can federal tax refund be taken by state of ca?

Federal no; the other , yes.


How much money is taken in federal taxes for every thousand you make?

Your employer would be able to give you the percentage amount that would be withheld from your pay for the total of all taxes on the 1000 amount. Social security, medicare, federal income taxes, state income taxes, local income taxes, etc.