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Is federal tax on gasoline deductible on a 2008 federal tax return?
No. Not any year. And Federal Tax, even income tax, is not deductible on a return.
How much is the federal tax in Chicago?
The federal income taxes will be the same any where that you are in the world when you file your 1040 federal income tax return for the tax year completely and correctly. You can see the tax rate schedules for the 2010 tax year for your filing status by going to the irs.gov website and using the search box for 1040ES go to page 8 to find your marginal tax rates that will be applied to your TAXABLE INCOME AMOUNT FROM PAGE 2 LINE 43 OF YOUR 1040 federal income tax return.
Is profit sharing subject to federal and state tax?
Yes it is, esp federal. they don't tax your normal rate - they cant even estimate what your year end earnings will be so that tax profit sharing about 40% and make up the difference ( + or - from your tax bracket) when you file a 1040. there is no way around this regardless of how many dependents you have, but it will come out right at the end of the year.
Why the Effective Tax Rate can be different from the standard rate?
For federal and state income tax purpose because of any adjustments, deduction's, exemptions, nonrefundable tax credits, refundable tax credit, additions to tax, etc. before you arrive at the Effective tax rate.
What is your tax rate in the US if you make 500000 dollars per year?
The maximum marginal rate for the tax year 2009 was 35% unless the rate gets changed for the tax year 2010 as of August 7 2010 the maximum marginal tax rate is still 35%. You are the only one that has all of the necessary information that will have to be reported on your 1040 FEDERAL income tax return for the year in order to do the calculation for the numbers that you are looking for. After you complete your 1040 federal income tax return correctly to your TAXABLE INCOME and page 2 lines 43 and Line 44 you will know the amount of your income liability before any credits or other taxes. Continue from Line 45 to the last lines at the bottom of the 1040 page 2 and then you will know how much taxes you will have to pay if any after you complete your 1040 income tax return correctly.
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.
The federal government may change the rate of the income tax from year to year true of false?
Very true.
The federal government may charge the rate of the income tax from year to year?
may charge OR do you mean may change the rate each year YES they can and do this each year.
What are the federal income tax rates for 2013?
The rate for a federal income tax will vary based on one's income bracket. One can find more information about the 2013 tax year at the official IRS website.
Do you have to have taxes taken out of unemployment in Florida?
Unemployment compensation amounts that are received during the year is added to all of your gross income for the year taxed at your marginal tax rate on federal 1040 income tax return. You can choose not to have any federal income tax withheld from your unemployment compensation payment amount. For the 2009 tax year the first 2400 of unemployment compensation that was receive was exempt from the federal income tax on your 2009 1040 federal tax form.
What is the Georgia state capital gains tax rate?
A capital gains tax is a federal tax that is paid by both corporations and individuals on the net total of their capital gains for the year. In the state of Georgia that rate is 6.0 percent.
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.
The federal government may change the rate of the income tax each year?
Yes this can and does happen some times.
What are the tax percent on a dallor?
After your income tax return is completed correctly you will know what your marginal tax rate was for your taxable income for the year. The federal income tax rate on your taxable income can be from -0- percent to the maximum 35% marginal tax rate depending on your filing status and your total worldwide taxable income.
What is the US federal tax rate?
For the tax year 2010 at this time July 22 2010 8:25 pm the federal income tax rate from the 1040 federal income tax return THE TAXABLE INCOME from page 2 line 43 starts at 10% and goes to the maximum tax bracket amount of 35 %.Go to the IRS gov website and use the search box for 1040ES go to page 8The 2009 federal tax rate schedules can be found in the 2009 Form 1040ES instructions, in the Related Link below.
What is the federal income tax rate in Atlanta Georgia?
What is the tax on clothes in atlanta
