United States - August 2007

I'm trying to calculate about how much I'll make in a month, AFTER taxes, making 6.85/hr, 25 hrs a week. Where can I find information on Denver's percentages?

2007-08-19 08:42:30 · 3 answers · asked by Anonymous

2007-08-19 08:25:33 · 5 answers · asked by lucindalyman 1

and can i just let them take it out of my return for the upcomming year?

2007-08-19 06:43:22 · 8 answers · asked by Anonymous

I'm thinking of starting a project that would require monetary donations and also donations of clothing. How could I make these donations tax deductible for the person donating?

2007-08-19 05:58:30 · 6 answers · asked by ? 4

2007-08-19 05:23:09 · 12 answers · asked by alicia b 1

2007-08-19 04:32:49 · 3 answers · asked by autie_808 2

I have lived in a condo for just under 4 years. I have owned the place for 19-20 months and my place is on the market.

I moved in with an agreement with the developer to buy the place on certain terms. The developed reneged and we had to litigate for a year to get the original terms.

If I had bought when I should have, I would have owned my place for nearly 3 years by now.

According the IRS I meed the usage test but I do not meet the ownership test when considering the actual date of purchase.

Is there some type of exception for someone like me who was in litigation with the developer and seller to exclude some of the capital gains on the property?

2007-08-19 04:17:47 · 4 answers · asked by damkoi 2

I have a carry over loss of $ 10 k from 2006.

In 2007 , I have a short term cap loss of $ 10 k
In 2007 , I also have a capital gain of $ 20 K

Pls could you tell me how much will i owe - the IRS if i shut down my accounts for the rest of the year :( - I just need a good nights sleep. - For those of you thinking of day trading - Dont Do It

Thanks

2007-08-19 04:07:32 · 2 answers · asked by Vijay H 2

2007-08-19 03:55:01 · 4 answers · asked by TandL 3

I was wondering if a dental procedure such as veneers can be written off. Does it matter what i have listed on my taxes as my proffesion? It wouldn't be a totally aesthetic reason, i do need dental work, but i figured it might be easier to kill two birds with one stone. Any advise will help. Thank you.

2007-08-18 20:33:26 · 7 answers · asked by Anonymous

If I make $120 a week (20 hours, $6 an hour), how much would I have after taxes? I don't know if this is important or not but im a single 17 year old.

2007-08-18 19:36:05 · 8 answers · asked by Anonymous

this week I made $463.50 this is my first pay check.. how much will it be after taxes?

2007-08-18 17:03:33 · 9 answers · asked by Anonymous

I am a resident of New York City & I recently started my first full-time job. I was told my annual salary will be $35,100 and will get paid bi-weekly. I was wondering if there is a website or something where I can calculate how much my paycheck would be once taxes are taken out? I'm not sure if this matters but on my W-4 I have a total of 2 personal allowances (not a dependent & single w/ one job). Thank you.

2007-08-18 16:54:09 · 4 answers · asked by stw07 1

This money came from an IRA and I gave the four of them 5k each. How do I prove I gave it away when my form shows the total amount is taxable?

2007-08-18 15:54:37 · 11 answers · asked by Anonymous

I put I was exempt on my W-4's in March but, i changed it last month July because I realized I was earning too much to be exempt. As a result they haven't taken enough out from my paychecks. Is there anyway I can have this resolved now before the end of the year is over? Am I going to have to go to jail? The amount I made was around 6,000 dollars. I am a good student, dean's list with a double major. I had hoped to apply to graduate schools in the fall. I have no criminal record. Is this one mistake going to ruin my life? Is there anyway I can pay back what I owe now?

2007-08-18 14:46:57 · 33 answers · asked by Anonymous

If I am self employed and my spouse makes 4 times more than I do, do I still have to pay quarterly estimated taxes if at the end of the year we will receive a refund as married filing jointly? Or do I still have to send something in every quarter? I just want to do the correct thing. thanks.

2007-08-18 14:24:42 · 4 answers · asked by Luv2Answer 7

My friend at work says that she files her taxes before the next year has come so she gets the federal taxes back is this true can that be done...ex: she filed her jan 07 to jun07 federal tax in july 07 and got back all of her federal taxes that have been taken since jan 07

2007-08-18 12:30:23 · 6 answers · asked by Anonymous

Okay, so gambling winnings must be declared as taxable income for federal and state taxes.

What happens if you happen to win a big prize on the exact same day you move from one state to another? Which of the 2 states do you pay state income tax to? Are you stuck paying to both states?

State A you lived in the first 5 months out of the year. State B you lived in the remaining 7 months.

Again, the taxable income (value of the winnings) was incurred on the exact day you moved from State A to State B.

2007-08-18 11:05:55 · 9 answers · asked by notshyviolet 2

2007-08-18 10:43:14 · 2 answers · asked by Anonymous

If I have stock that sells for a million dollars can I take the money and then stick it in the bank and draw interest on it and then pay taxes on the interest? Or will I have to pay taxes on the million and then more taxes on whatever I put into the bank?

Thanks!

2007-08-18 10:29:20 · 4 answers · asked by Da Phantom 2

Can these expenses be deducted from my 2007 taxes?

2007-08-18 09:42:30 · 12 answers · asked by cl3v3r boy 3

all bills proposing federal taxes must begain in the house of representatives true or false

2007-08-18 09:24:18 · 2 answers · asked by Anonymous

2007-08-18 08:09:03 · 4 answers · asked by Ms. Mee 1

The rule where you receive about $800 per child for up to 3 children as a single parent I believe.

2007-08-18 08:05:04 · 3 answers · asked by Rachel 2

2007-08-18 07:52:46 · 6 answers · asked by Anonymous

I worked 78 hours in one week. 38 hours were time and a half. My government deductions were 27% of my pay versus 17% when I work straight time 40 hours. I understand that FICA and MEDICARE are a flat 6.2% and 1.45%, respectively. I understand my taxed amount per year to be based on my AGI and that what is taken from my paycheck is an estimate of 1/52nd of that year (52 weeks; I'm paid weekly). Many of my friends say that working many hours of OT is not worth it because the goverment takes more. The government is taking more according to my paychecks...from 10.9% with 16.25 OT hrs to 14.3% for 38 OT hrs. It seems like there is less tax incentive to make more especially if you have few itemized deductions as a result of no investments or property. I made 29% more take home pay so more time is more $, obviously. Let's say Chris made $1000 gross in straight time and ot and Mike made $1000 gross in straight time. Question rephrased: Do they pay the same amount in taxes?

2007-08-18 06:58:36 · 6 answers · asked by John G 1

This is a general academic question.

The politics and government immigration forum has spirited discussions about these sort of things, but if there is any tax expertise, it does not show.

Since people seem most concerned about aliens getting benefits, I am wondering if imposing a special tax to offset these concerns might be a valid policy option.

2007-08-18 06:54:24 · 3 answers · asked by BruceN 7

I am no longer able to see to drive anymore so I would have to use public or alternitive transportation. I live in Oklahoma City, OK. Is thre some way I could deduct on my taxes?
Thank You

2007-08-18 06:21:20 · 3 answers · asked by Anonymous

I live in a not-too-great neighborhood in South Milwaukee, Wisconsin. My taxes for 2006 were $2,400 based on a $100,000 assessed value. (I paid $150K for the house in 2005). I had my upstairs remodeled and, like an idiot, I did things the legal way and pulled permits. When the work was completed I got a notice from the city that said, "We notice you recently pulled a building permit. We're now going to stop by and reassess the value of your property so we can make sure you're paying as much in taxes as is humany possible." After their re-evaluation my property value went from $100K to $183K so my taxes will be up to about $4,400.

Don't get me wrong. I understand that someone has to pay for the services the city provides but I'm not prepared for my taxes to almost double within a one-year period. Is my house more likely to catch on fire or be burglarized after the remodeling? So why should my taxes go up so much? Is there anything I can do?

2007-08-18 03:15:39 · 5 answers · asked by Jim 3

I have a sister living in Battle Creek, Michigan and her monthly income come from SSI and FIA totalling $1000.00. Is there any other programs out there that can help her? She has 4 children under the age of 18. I won't go into the jist of her ordeal, but let's chalk it up to a guy who did bad... Thank you.

2007-08-18 02:29:29 · 3 answers · asked by Raven98 2