United States - July 2007

OK I am talking about OASDI/EE and MED/EE. I know that the first is something to do with Social Security, and the second is medicare or medicaid. I know that everyone pays these, but I am a little confused.

I work for the State of Connecticut, through the college I attend. I only work 12 hours a week (except the Summer, which I am working anywhere between 20-32 hours). I just got my second summer paycheck, and both of these things are being taken out, which they never have before. I have been working here for three years, and no pay raise sense before last Summer. All that was being pulled out then was federal and state, until this check. So what changed, and should it have? It only adds up to about $45, but I don't make very much anyways. I need to save during the summer because I make so little in the semester. Anyone with REAL answers, thank you in advance.

2007-07-05 09:04:25 · 3 answers · asked by susanb14 2

I need to read them for tax records! These faded cash register receipts are 5 years old. They are black text on glossy paper or blue ink on regular paper.

2007-07-05 08:41:22 · 3 answers · asked by navybadger 1

I thought it was not important, nobody really explained to me. Apparently it is a big deal and I should have done it before. My father claimed me as a dependent till I was 19, after that I think I was supposed to do it on my own. I'm 22 now. Please give me some advice on this. I live in the bronx, ny.

2007-07-05 08:40:21 · 10 answers · asked by thysane 4

I lived in the condo 2 years prior to renting it for the last four.
My gains on the property are roughly 75000. If I do have to pay does anybody have a rough idea of the percentage or amount i would be taxed?

2007-07-05 07:56:55 · 2 answers · asked by Michael F 4

My dad and mom bought our house for $275,000 in 1980. They will pass this house down to me, what if I sell it when they pass away for $700,000. I'm single and don't plan to get married so would I pay huge taxes seeing how I would get a $250,000 tax shelter rather than a $500,000 shelter?..........also what if my dad passes away and my mom sells it will she get the $250,000 or $500,000 tax shelter?

2007-07-05 07:52:49 · 5 answers · asked by krumpmaster terrell 4

2007-07-05 07:49:20 · 21 answers · asked by patti c 1

2007-07-05 07:47:38 · 5 answers · asked by patti c 1

I plan to transfer $5000 from the US into Canada and have my money converted into Canadian Dollars. Will the US federal government tax me for my transfer? Will Canada tax me for my money transfer? Any information would be greatly appreciated. Thanks

2007-07-05 07:42:23 · 4 answers · asked by ub6ib9 1

He earns approx 60 k, I only 20k , will I lose my EIC for this year?

2007-07-05 07:28:52 · 7 answers · asked by kentuckymist1964 1

Someone told me I could claim up to 2. Single and head of household.... is that right? If not, will that change when my boyfriend moves in?

2007-07-05 07:06:17 · 5 answers · asked by barefootbabee 1

Can I have an IRA and also a 401K plan at the sametime?

I am planning on getting a Traditional IRA plan so I can put away $4000 tax free for this year. However, my company may possibly introduce a 401K plan soon.

If I invest $4000 in an IRA account this year, and if my company introduces a 401K plan a little later this year, am I allowed to contribute to both IRA & 401K plans in the same year?

FYI, my filing status is married filing jointly and my wife has a 401K plan at her work place.

Would appreciate any guidance here. Thanks.

2007-07-05 06:58:41 · 6 answers · asked by vsdbk 1

I'm 24 and am moving to another county so I would like to take whatever money I can take with me. Thanks

2007-07-05 06:58:01 · 5 answers · asked by Eliam P 1

If I bought my house for $275,000 in 1980 and sold it today for $700,000.......what kind of taxes do I pay?........I believe I get a $500,000 tax shelter, but I'm asking this question because I don't know.

2007-07-05 06:38:22 · 8 answers · asked by krumpmaster terrell 4

If I marry my fiancee, what about his IRS debt? Will I be responsible for it or not??? I own my own business and would not want to owe his tax debt of about $192,000 (bad business partners).

2007-07-05 06:14:56 · 3 answers · asked by Anonymous

I have some money in mutual funds and I am about to sell my house. When I sell my house, the proceeds will be tax free. It will be more than enough to remodel the home I will be moving to. But if I depend upon this money, then I can't start the remodeling until the current house sells. On the other hand, if I cashed in these investments I could begin the work now. I don't know how to decide whether to withdraw the money and start now or wait until the sale to start.

2007-07-05 05:51:40 · 3 answers · asked by plezurgui 6

2007-07-05 05:50:25 · 3 answers · asked by e_grabin 1

I had a local tax guy do my taxes and he assured me that everything was going to be ok. Well I got audited and have to back pay the taxes. Can I take him to court and at the least get the fines and interest reimbursed?

2007-07-05 05:47:06 · 3 answers · asked by grasshoper3 1

Also, do you have to be married in order to receive these advantages?

2007-07-05 05:24:07 · 3 answers · asked by e_grabin 1

2007-07-05 05:07:59 · 4 answers · asked by sam11stellar 1

I work for a university in Michigan. I'll be moving to Hawaii in a few weeks. It's a permanent job. My question has two parts:

1. Will I have to file 2 state tax returns for the first year?

2. Would I have to get Hawaiian residency, or could I keep my Michigan residency over there even if I live in Hawaii?

Does anyone know who I might be able to contact regarding this?

2007-07-05 05:00:17 · 11 answers · asked by levampiredeparis 2

A.) 2,220.80
B.) 19,619.20
C.)13,531.70

can someone also show me how to work the problem out it would really help me alot.

2007-07-05 04:04:29 · 3 answers · asked by sagen j 1

How much will my check be with taxes taken out? i claim 3.

2007-07-05 04:00:24 · 3 answers · asked by Anonymous

I'm confused....It's for good we buy to manufacture a final product which will be sold.
We are a custom manufacturer.
Please help. Thank you.

2007-07-05 03:56:24 · 3 answers · asked by POG 1

had to you go about getting people taxes at the end of the year for unpaid rent?

2007-07-05 03:37:45 · 3 answers · asked by tater 4

2007-07-05 03:13:27 · 5 answers · asked by kim p 1

2007-07-05 02:54:08 · 9 answers · asked by Sweet M 2

Is this the reason why when you go in a store there's always a new owner? They'll never have to pay taxes if they just pass the business to the next family member. I can't get the government to loan me three million dollars because my credit score isn't good enough and they're giving away free money, please explain to me what's really going on...

2007-07-05 02:42:13 · 5 answers · asked by Neenah 3

an additionl renta property whie i found a house to live in. So now all ihave is a 3 family house, and i ive on the third floor. How am i going to get hit with taxes? Also if I use the profit to buy a primary residence will it be ess of a tax burden? Any tips or suggestions wil be greatly appreciated.

2007-07-05 01:53:07 · 4 answers · asked by Yenny V 2

I was wondering if people who do animal rescues on their own and not through an agency could deduct their spendings (vet bills, food, supplies, etc) on their taxes or are they eating all the costs?

2007-07-04 20:08:02 · 3 answers · asked by dahmer8urface 1

can a employer fire a person for collecting unemployment

2007-07-04 19:10:52 · 6 answers · asked by texas_dud88 1