that you had about 10 percent deducted (through state and federal taxes) from your wages throughout the year?...for example, $4,000 total deducted from $40,000 earned? I feel that my husband's boss is ripping him off. (By claiming he made more than he did) He refuses to give my husband check stubs (a looong story in itself) We owed over $2,000 last year and I am afraid it will happen again.
2007-01-25 07:29:30 · 2 answers · asked by Tasha82 2 in Business & Finance ➔ Taxes ➔ United States
Well, there isn't a fixed formula for what a W-2 should show you. It should be based on your W-4. It depends on how many allowances you claim. if it worked out to 10% you'd almost always owe tax at $40k.
Your husband has a right to pay stubs. That's a big problem. That's the only way he can check his W2 for accuracy.
2007-01-25 07:54:15 · answer #1 · answered by Bill S 3 · 2⤊ 0⤋
Well, you'll be the only one because your employer has already reported that income to the IRS. By law, employers have to submit and declare their annual payrolls' W-2's and 1099's showing how much they paid employees. So, if you don't claim that income, you'll get penalties and IRS wil charge you even more.
2016-05-23 23:12:22 · answer #2 · answered by Anonymous · 0⤊ 0⤋