I’m a 19-year-old dependent and full-time student. If I were to get a summer job and put all of my earnings (~$4000) into a Roth IRA, how much income tax would I pay? Does it matter that I’m a dependent? Because someone told me that because I’m a dependent, my earned income is considered part of my parents income so I would have to pay my taxes based on their income tax bracket.
Posts Tagged ‘Much’
How do I know how much of my IRA monies are pre-tax?
19
Aug
I was contributing pre- and post-tax money to a 401K. Retired 11 yrs ago and rolled 401K into IRA with a different investment firm and have since changed firms again. How can I find out how much of my fund is pre-taxed?
How much should I expect back on my income taxes?
07
Aug
What would a rough estmate be…?
I’ve made around $20,000.00 this year.
with federal income tax deduction of 2,169.00
Social Security 1,252.86.
Medicare 293.01
State Income Tax 892.05
Thanks!!!
Oh, and I also have no dependants/exemptions.
How much is the Monthly Federal Income tax?
04
Aug
I have recently got a new job and I’m gettin a good amount of money every month. I just got my monthly paycheck yesterday.
one big question! How much is the monthly FEDERAL INCOME TAX? Lets say I made $4400,00 this month. How much should they deduct for Federal Income Tax and how much should they deduct for Earned Income Credit?
how much of a federal tax deduction do you get from local city income tax, and property taxes?
01
Aug
The bottom line is I’m looking to buy a house soon, and I’ve found a really nice one in e neighborhood that’s a little more expensive tax wise. combining the city income tax, and the county property tax yearly, it’s about $1400 more per year ($4500 total taxes for this city) than some other nearby cities with comparable school systems, recreation, low crime rate, etc….so my question is….and I know this is hard to really put any solid numbers to, but about how much of that extra $1400 would I get back on my federal return. Looking for real rough estimates here. anything would help. Thanks
How much Capital Gains Tax Will I need to pay?
22
Jul
I purchased a secondary home for $85,000 7 years ago and recently sold it for $215,000. Before selling it I would declare the rent from the house on my income tax returns, which total $94,000.
How much capital gains tax will I have to pay and will this affect my income tax?
How much would a person get back from tax return (IRS) with no dependants stated?
18
Jul
How much difference in dollars makes, claim with 1 dependants at the moment of filing the W-2?
How much is federal income tax for a self employed freelance writer?
14
Jul
I know that social security and medicare are 15.3 % combined right now, but what percentage of federal income tax does a freelance writer pay? I know it depends on how much you make, so lets say the gross annual income is less than $30,000.00.
How much does one pay in Small business tax?
06
Jul
How much tax does one pay for taxes if open a small business in handyman work? The State we live in is WA.
excel calculation for income tax bracket to determine how much net a person will take home given the criteria?
03
Jul
I have calculated 40 years worth of average raises to determine approximately what I will be making in any given pay check assuming no changes. I would like to then calculate how much federal income tax will be taken out each pay check. I am salary and will be paid 24 times each year.
How much is federal tax and state tax in NC?
02
Jul
I am working for 6.55$ an hour right now and I would like to calculate how much tax is be taken out from a paycheck in NC. I know it depends on my income how much money they take out, thats why I would like to know how much total tax will be put out in North Carolina. I am married and have no children. My husband is working also, he is military (I think it depends on that also).Please help!!!
How much should I put back for business tax?
29
Jun
I am starting a small cleaning business and I was told that I would be sent a form at the end of the year to pay business tax? Does anyone have the slightest idea how much this would be so I can put back every week to pay this at the end of the year? I live in Tennessee.
How much will we have to pay for capital gains tax in GA if we sell after owning the home for 27 months?
21
Jun
My husband and I have owned our current (Georgia) home for about 27 months (as of Oct 07). If we sell this home and don’t want to buy another immediately, how much would we have to pay to capital gains tax (federally and/or to the state)? How long would we have to buy another home before we would have to pay this tax amount? Any other info that might be helpful? Thanks in advance for any advice!