and lived and worked in Maryland? I am a single young guy just out of college with no dependents. What do I claim?
2006-10-11 14:02:57 · 3 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
I will be paying student loans, and I will be contributing to a 401k through my employer. Income is closer to 35k than 40k as well. Given these factors, what can I expect my take-home to be?
2006-10-11 16:45:27 · update #1
about 23900.00, figure one third for taxes if single?
2006-10-11 14:06:33 · answer #1 · answered by richard c 4 · 1⤊ 1⤋
On 40K a year your 2006 Federal tax liability will be about $4,451.00 for single with no dependents. However, there are other factors to consider that will either lower or raise that liability. Like are you going to be paying on a student loan, and are you going to be contributing to a retirement or 401k plan through your employer?
2006-10-11 22:59:54 · answer #2 · answered by RamsGod 3 · 0⤊ 0⤋
Less than it should be. Do you vote? Vote against democrats and your taxes will go down,
want to take home less, vote for a democrat.
Good candidate for governor I hear, Steele, is that right?
2006-10-15 18:12:09 · answer #3 · answered by rmagedon 6 · 0⤊ 0⤋