For retirement purposes.
2006-07-07 14:31:54 · 9 answers · asked by Glow Girl 2 in Family & Relationships ➔ Family
Your question is more complicated than it sounds.
I'm going to assume that you're single, and that your home is paid for, so probably you'll want the standard deduction.
Your total income for the year is $18,276. Based on 2005 rates (which are adjusted upward for inflation), you would have a standard deduction of $5,000, and a personal exemption of $3,200. Therefore, your adjusted income would be $10,076. The total tax on that amount is $1,146. Therefore, your monthly tax would be approximately $96. This excludes any state income tax. Obviously if one or more of my assumptions is different from reality, you'll get a different answer.
Good luck.
2006-07-07 14:43:45 · answer #1 · answered by Nobody 4 · 0⤊ 0⤋
depends on where you live and what your local taxes are. Too many variables to give you an exact answer. I'm guessing not much since you would only be making around 18K a year.
2006-07-07 21:34:09 · answer #2 · answered by luckydob 2 · 0⤊ 0⤋
Depends on your state and local taxes, not just your federal taxes. Should roughly be $365 though...give or take $15.
2006-07-07 21:35:59 · answer #3 · answered by jimmy h 3 · 0⤊ 0⤋
Check here:
https://www.paycycle.com/resources/paycheckCalculators.jsp
2006-07-07 21:35:01 · answer #4 · answered by death__from___above 2 · 0⤊ 0⤋
http://www.irs.gov/formspubs/article/0,,id=150856,00.html
2006-07-07 21:34:12 · answer #5 · answered by dave_martin_7777 3 · 0⤊ 0⤋
you cant retire on that
2006-07-07 21:39:00 · answer #6 · answered by HEY boo boo 6 · 0⤊ 0⤋
wowwww maybe 300-even 600...
2006-07-07 21:34:42 · answer #7 · answered by SJK 5 · 0⤊ 0⤋
check www.irs.gov
2006-07-07 21:35:36 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Too damn much!!!
2006-07-07 21:33:42 · answer #9 · answered by Anonymous · 0⤊ 0⤋