2007-02-26 11:16:58 · 6 answers · asked by billysimas 3 in Business & Finance ➔ Taxes ➔ United States
It is all taxable and it is taxed at the same rate as any earned income, though social security and medicare are not deducted from it
2007-02-26 11:22:59 · answer #1 · answered by Anonymous · 1⤊ 1⤋
it incredibly is area of your AGI and would not have a diverse fee, your fee relies upon in the completed AGI including the unemployment. some states show you how to chosen to deduct extra advantageous than 10%. If yours would not, the two make predicted money or boost your very own withholding, to maintain from owing once you report.
2016-12-14 06:28:36 · answer #2 · answered by sickels 4 · 0⤊ 0⤋
All of it is taxed at the regular rate except no SS or MediCare is due on it. If you ever draw it again, you can specify that taxes be withheld to avoid any pain at tax time.
2007-02-26 15:44:11 · answer #3 · answered by Anonymous · 0⤊ 1⤋
All of your unemployment comp income is taxed as ordinary income, so yes, is added to whatever other income you have, then your tax is calculated on the total.
2007-02-26 13:37:33 · answer #4 · answered by Judy 7 · 0⤊ 1⤋
from what I remember none of it was but that's been 20 years ago
When you receive it there are NO taxes taken out. The way the question is written it appears the asker wants to know how much uncle sam is going to get initially
2007-02-26 11:20:25 · answer #5 · answered by Sronce 3 · 0⤊ 5⤋
It's fully taxable.
2007-02-26 11:30:28 · answer #6 · answered by Bostonian In MO 7 · 0⤊ 1⤋