please help with a tax question?

Question

I had a minour job this summer and in the end they notified us for about 90 days including weekends all are miour employees where geting $1000
Not much! anyway
After they payed me cash and took out $500 and then said they where going to give me more because they made a mistake and taxes arent 50% (they really arent) but someone here told me you had to make $6000 a year to pay taxes, when i asked the directer of finance she said it's untrue everybody would go bankrupt (blah blah) and it is only $600 a year to not pay taxes, which is it. do i really have to pay taxes because they did not take any money out of anybody they gave them a flat check for $1000, but they said they do have to pay taxes, so do you or don't you. i don't want to lose around $200-250 from this stupidity because i only made $1000 to start with (that is if theyt dont diduct taxes)
Someone helllllllllllllllllllllllllllllllllllllllllllllllllllllllllpppppppppppppp me i worked hard, do i have to surender $200 thanks!

Answer 1

The best source for the answer to your question is irs.gov

Answer 2

First of all there are a number of factors that determine what your tax liability may be but for the most part if you earned less than $8200 you do not need to file. How ever that has nothing to do with withholding from your pay. That is determined by what you put on your W-4 form. If the employer with held a $100 because of the information on the W-4 you would file a tax return to get that money back. There is very likely some organization in your area that will help you at tax time to file a tax return to get the refund. If the company is not prompt about getting you the rest of your pay you should call the state labor board and file a complaint.

Answer 3

Sounds like you were paid as a sub contractor where you are responsible for filing your own self employment taxes. This amount goes on a Schedule C and you can take any expenses you incurred in making this money. If there is any gain after that you will figure your self employment tax (the social security and medicare taxes that wasn't withheld out of the check) on the gain using Schedule SE and also the amount goes on a 1040 form and is included in your gross income. This may or may not be taxable federally depending on your other income.
If you have no other income and that is all the money you made for the year, I wouldn't worry about it as you probably arent' required to file.

Answer 4

First, in order for them to pay your tax, you have to fill a IRS form W-4. On W-4, you may choose the number of exemptions. In your case, I would say, choose 10. If you do that (I don't have a figure on hand), they shouldn't take much out. However, social security tax and medicare tax (totaling about 10%) is mandatory. So, expect to pay about $100 or a little more if anything. At the end of the year, make sure to they mail you W-2 form. Use that to file a 2006 tax return. There is some formula IRS use to give money to low income people (you may qualify for that).

Answer 5

If you were employees, subject to withholding, they are required to pay you the mandated minimum wage, including overtime if it applies. If you were independent contractors paid by the job or project, you should get the entire amount of the agreement with no withholding. It almost sounds as if this company is trying to take advantage of your youth and lack of knowledge of the law. I suggest to tell them you want the appropriate wage as an employee and your W-2, or the entire thousand and your 1099. It cannot be legitimately both ways.

Answer 6

We had no national Debt 9 years in the past. If my historic previous serves me a republican got here into place of work and altered all that. a hundred years in the past those issues did no longer exist. a hundred years in the past it develop into 1908 and Taft develop into President. nicely remembered for his 4 years. i'm attempting to think of of the term that must be used if the U. S. had maintained possession of all this infrastructure and owned the only share of an marketplace. Darn - what's the alternative of loose commerce and capitalism. In 1907 there develop into an experience stated as the Panic of 1907, additionally basic because of the fact the 1907 Bankers' Panic. Sound basic? My opinion is once you examine propaganda like this use that spark to ascertain the historic previous and seek for data. Why develop into this nicely worth posting? in my opinion posting and emails like this help to unfold lack of expertise.

Answer 7

EVERYONE has to pay taxes (or at least file a 1040) in the USA. There is no minimum. If you didn't make much the rest of the year you may actually get all of your money back when you file..

Answer 8

employers will withhold taxes from pay. if you want your money back you can file for a tax return in april