do i get bolth back? if this helps heres my other info they took out 603.00 for social Security and 141.00 for medicare
2007-02-08 08:28:59 · 4 answers · asked by Kstar 2 in Business & Finance ➔ Taxes ➔ United States
How much you get back depends on total taxes minus withholdings (972.00). If your total tax is 1972.00 you need to pay 1000.00 dollars. If you total taxes is 0.0, you will get all money back. If you are eligible for Earned income credit you may get back more than 972.00
Use this simple calculators to figure out your taxes.
http://findtaxservice.com/taxcalculator/2006taxcalculator.html
2007-02-08 09:51:32 · answer #1 · answered by onlinetaxsiteswatch 2 · 0⤊ 0⤋
If I had $210,004 withheld from my pay, do I get it all back?
Actually, there's mre info here than meets the eye.
You earned $9725.80 last year. If you are single, and NOT yet 25 (because if you were, you would have known to included more info), then your tax is $9726 minus your standard deduction AND exemption of $8250 for a total of $1276 taxable. The tax rate is 10%, so you have $128 of tax due. Subtract from your withholdings of $972, and you are due a refund of about $844 on your federal. If you had phone service in your name since Aug, 2003, then add another $30 to your refund.
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Have a nice day!
Enrolled Agent
2007-02-08 20:31:06 · answer #2 · answered by WealthBuilder 4 · 2⤊ 0⤋
You didn't give even close to the amount of information needed to answer this question.
Try again.
2007-02-08 16:36:39 · answer #3 · answered by miketorse 5 · 0⤊ 0⤋
wrong forum try HR and Block
2007-02-08 16:36:49 · answer #4 · answered by Fievel 2 · 0⤊ 0⤋