Taxes - November 2006

If you earn above £97 a week (the 'earnings threshold') and up to £645 per week you pay 11 per cent of this amount as 'Class 1' NICs
If you also pay one per cent of earnings above £645 a week as Class 1 NICs.

My question is: are these amounts (£97 and £645) earnings AFTER income tax has been deducted, or BEFORE income tax has been deducted?

2006-11-13 22:17:26 · 5 answers · asked by Tom d 1 in United Kingdom

Hey, I got a question....

I got offered a job by a questionable marketing co., however, they told me my comission chechs would be given to me tax-free and that I would be the one having to my my own taxes at the end of the year, basically making me self-employed. My concern is that if in the end their marketing techinques were to be found dishonest, people like myself would end up in trouble, since there's practically no affiliation between me and my "empolyer". ****, they didnt even ask me for my SIN #. Is that even legal ???

2006-11-13 19:18:14 · 4 answers · asked by krasnoglaz 3 in Other - Taxes

2006-11-13 17:27:56 · 6 answers · asked by snikleback 5 in United Kingdom

2006-11-13 17:19:31 · 3 answers · asked by Anonymous in United States

On the W9 form, there is a spot to enter either your SS# or your EIN #........is the EIN also known as the federal tax # for your business operation?

2006-11-13 16:58:30 · 4 answers · asked by Anonymous in United States

Trying to work out what percentage of tax I am paying. If I am paid $52.00 for 4 hrs work, and end up with $43.53 after tax, how much tax am I paying? I know I paid $8.47 but what does that work out to as a percentage? How much percent am I paying per $1.00? Thanks for any help.
Also if you can tell me how on earth I work this out on a calculator for future reference that would be great. Not too flash on my math skills.

2006-11-13 16:44:39 · 3 answers · asked by Anonymous in Other - Taxes

2006-11-13 16:23:25 · 5 answers · asked by Prue C 1 in Other - Taxes

2006-11-13 16:00:54 · 3 answers · asked by subhashnainan 1 in India

Do I just do my state tax for the times I was in each state and then one for federal (3 separate forms in all)? Or is it different b/c the majority of the time I was in GA? Do I get extra W-2's that show the amount earned in each state (husband is military so obviously its the same employer)? Any help would be greatly appreciated! Thanks!

2006-11-13 15:55:36 · 2 answers · asked by . 6 in United States

an extra point quetion in math

2006-11-13 14:58:44 · 3 answers · asked by Diara B 1 in United States

I am starting at a new hair salon in ohio. she is keeping 50 % of my services, plus $10 for maintaining equipment. She is not, however, withholding any taxes, social security, or anything. If she is keeping half the money and I am not an independent contractor, doesn't she have to withhold something?

2006-11-13 14:47:41 · 8 answers · asked by dixieb45 1 in United States

2006-11-13 14:20:49 · 6 answers · asked by woozit62 1 in United States

THANK YOU!

2006-11-13 14:09:22 · 3 answers · asked by bebe 1 in United States

I chose 3 exemptions for this year. I make under 30,000 and every tax estimator program I use claims that I will own money this year. I have been using the standard deduction amount, not what I believe my actual deductions are.

2006-11-13 14:03:38 · 3 answers · asked by soberlunatic 3 in United States

I know about the 1099 form, but I want easy-to-understand instructions and details. What percentage should I expect to withold from my earnings to pay taxes at the end of the year?

2006-11-13 13:46:42 · 2 answers · asked by peace_2u4uraqt 2 in United States

2006-11-13 13:29:08 · 6 answers · asked by Mad Mike 1 in United States

You are contributing to a better world!!! Well make sure your money is making a better world by asking for receipts for your taxes. Collectively the world should be in a utopia state now with the knowledge we know but your moneyed taxes have been abused and it is reported everyday in the papers but like sheep who do you baaaaar to?

2006-11-13 13:18:52 · 4 answers · asked by Jason 2 in United States

I want to take advantage of medical tax deductions which I know should exceed 7.5%. Does anyone know, do I need every receipt for every visit or will a whole list of all the claims and my co-pays from the Insurance Company be enough? What can one do if the receipts are not all available?

2006-11-13 13:15:35 · 5 answers · asked by Madina M 2 in United States

2006-11-13 12:07:54 · 4 answers · asked by Butter Cup 1 in United States

If the State (exp) North Carolina changes your income tax due, or taxable income, does this change affect your Federal Taxable Income and amounts owed?

2006-11-13 11:43:06 · 1 answers · asked by Kosta K 1 in United States

I am expecting an inheritance in December. Will the money be taxed?

2006-11-13 11:27:08 · 5 answers · asked by Staci 2 in United States

This is a two part question: 1.)A buisness owner must pay employee taxes. If the employer did not know the the SS# was fraudulant, who keeps the unclaimed tax money paid by the employer and the taxes taken from employee checks? I know that unclaimed social security goes into an account.
2.) If interest is accumulating on this unclaimed social security why is social security going bankrupt when there are millions of illegal aliens who are not claiming it?

2006-11-13 10:48:19 · 7 answers · asked by sonkysst 4 in United States

i saw on the movie white chicks that the guy said that he made $300,000 a year after taxes. i wanted to know if that was true

2006-11-13 10:30:30 · 2 answers · asked by jessekg014 1 in Other - Taxes

2006-11-13 10:17:18 · 1 answers · asked by mlw_WI 1 in United States

2006-11-13 09:37:22 · 3 answers · asked by singingbeckys 1 in United States

2006-11-13 09:17:25 · 4 answers · asked by benz44 1 in Other - Taxes

2006 Standard tax staandaard tax deduction

2006-11-13 08:54:27 · 3 answers · asked by Anonymous in United States

2006-11-13 08:27:37 · 5 answers · asked by Anonymous in United States

i am haveing problems with the local dept of social services, and them takeing money for support that is not owed to them and when it comes time for them to give it back they can only find 400.00 of the 897.00 that they took.Then they tell me that it is my resonsibality to find where the money went.

2006-11-13 07:57:31 · 6 answers · asked by Thomas G 1 in United States

end up pay the IRS whne it come to tax time instead of reciving money from them???

2006-11-13 07:53:59 · 6 answers · asked by :) 2 in United States