2007-02-04 14:01:57 · 4 answers · asked by Waxy 2 in Business & Finance ➔ Taxes ➔ United States
I think it is under 5000.
2007-02-04 14:09:59 · answer #1 · answered by Jim C 6 · 0⤊ 0⤋
Assuming that you are not a dependent, that you're under 65, and that none of your income is from self-employment, you can earn $8450 without having to file or pay any federal income tax.
State laws vary, so whether you owe state taxes depends on where you live.
2007-02-04 14:19:27 · answer #2 · answered by Judy 7 · 1⤊ 0⤋
Depends on your age. Due to the Earned Income Tax Credit if you are between ages 25-65. Try looking on www.irs.gov search for a tax table and look up your situation. Or you can play around with the tax estimator on www.hrblock.com
2007-02-04 14:11:38 · answer #3 · answered by misskenzie12 2 · 0⤊ 0⤋
Too little
2007-02-04 14:09:49 · answer #4 · answered by Anonymous · 0⤊ 1⤋