2007-02-03 10:27:41 · 4 answers · asked by judial21 1 in Business & Finance ➔ Taxes ➔ United States
Assuming $90,000 is your taxable income, and you are single, your tax before any credits is $15,107.50 + 28% of the amount over $74,200. That is $19,531.50. Your federal income tax will not be more than that amount. There are any number of factors that will probably make it less.
2007-02-03 11:52:16 · answer #1 · answered by STEVEN F 7 · 0⤊ 0⤋
What is your taxable income? That is generally the bottom line. There can be additional depending on you made the money (short term v. long term investment income, self employment-self employment tax, etc.)
2007-02-03 10:38:39 · answer #2 · answered by azohawk 3 · 0⤊ 0⤋
Without any deducts your looking at around 30%
2007-02-03 10:41:12 · answer #3 · answered by DukeofDixie 7 · 0⤊ 0⤋
i am not forsure but i think its 28% i am a owner and 1099 but i think that correct if not im sorry
2007-02-03 10:32:12 · answer #4 · answered by jallissa 2 · 0⤊ 1⤋