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When your income tax return is completely correctly then you will know the amount of your federal income tax liability.
This answer will only be known after you determine the amount of your gross income that will be taxable income to you on your income tax return.
For an example if you are a qualifying dependent on another tax payer's income tax return and you have 951 of unearned income your federal income tax liability would be $1 in federal income taxes. Interest, dividends, capital gains, rental income, gambling winnings, etc.
If you have 5700 of gross earned income wages, salaries, tips, etc. from an employer added to the 951 of unearned income on your 1040 income tax return then your federal income tax liability amount on your 1040 income tax return would be $96.
If you are a self employed taxpayer and have a net profit of 500 from your schedule C-EZ and schedule SE added to the above amounts then your federal tax liability would be income tax $141 plus yourself employment tax of $70 for a total amount owed of $211 when your 1040 income tax return is completed correctly
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How much would a 16 year old pay for taxes on $800 if her parents claim her as a dependent?
where is your "Tax Bracket Calculator? and if I may why is this site so hard to use? How much would a 16 year old pay for taxes on $800 if her parents claim her as a dependent? depends on the year. in years past, if you didn't make more than 3000 in a calender year you wouldn't have to pay taxes on the money.
Can a 16 year old file income tax?
A sixteen year old can file income tax and, if the 16 year old had sufficient income, the 16 year old must file tax. There are no upper or lower age limits on income tax obligations. Even if the 16 year old didn't owe any tax, if taxes were withheld from the 16 year old's wages, the 16 year old should file in order to receive a refund.
How should a 16 year old complete a w 4 for taxes?
It depends on how much the 16 year old will earn from the job, how many jobs the 16 year old has, what other sources of income and deductions the 16 year old has and so on. The rules aren't really different from how anyone under 65 would complete it. I suggest you use the IRS calculator: http://www.irs.gov/individuals/article/0,,id=96196,00.html
Does a 16 year old file income tax in Canada?
Ones age does not determine if a person files taxes or not, what it matters is how much money the person made that year. What was the income of the person that year, is what determines the income tax filling status.
If you claim your 16 year old as a dependent can they still file taxes?
Yes, there will be directions on the correct steps in your tax booklet.
How much would a 16 year old pay for taxes on $800 if her parents claim her as a dependent?
where is your "Tax Bracket Calculator? and if I may why is this site so hard to use? How much would a 16 year old pay for taxes on $800 if her parents claim her as a dependent? depends on the year. in years past, if you didn't make more than 3000 in a calender year you wouldn't have to pay taxes on the money.
Can a 16 year old file income tax?
A sixteen year old can file income tax and, if the 16 year old had sufficient income, the 16 year old must file tax. There are no upper or lower age limits on income tax obligations. Even if the 16 year old didn't owe any tax, if taxes were withheld from the 16 year old's wages, the 16 year old should file in order to receive a refund.
How should a 16 year old complete a w 4 for taxes?
It depends on how much the 16 year old will earn from the job, how many jobs the 16 year old has, what other sources of income and deductions the 16 year old has and so on. The rules aren't really different from how anyone under 65 would complete it. I suggest you use the IRS calculator: http://www.irs.gov/individuals/article/0,,id=96196,00.html
Were can a 16 year old and a 21 year old get married?
Pretty much anywhere in the world. But the 16 year old will require parental permission.
How much does an average 16 year old weigh?
An average 16 year old weighs from 125-155!
Who is smarter a 5 year old or a 16 year old?
Probably the 16 year old, depending on how much he/she has learned. The 5 year old may be more intelligent, or notices things the 16 year old doesn't though. Remember, the 16 year old has had 11 more years to learn.
How much calories is a 16 year old boy supposed to get?
How MANY caloires is a 16 year old boy supposed to eat?
How much is Geico insurance for 16 year old kids?
The amount is "Zero" that company will not accept a 16 year old driver
Does a 16 year old file income tax in Canada?
Ones age does not determine if a person files taxes or not, what it matters is how much money the person made that year. What was the income of the person that year, is what determines the income tax filling status.
What hours can a 16 year old work in Texas?
In Texas there is no restrictions to how long and how much or even what times a 16 year old can work.
If you claim your 16 year old as a dependent can they still file taxes?
Yes, there will be directions on the correct steps in your tax booklet.
How much year is Naruto?
16 years old to date.
