hi iam new to taxes & ve no idea abt it.i ll start my job from july & my annual salary is 43000.how much will i get in hand after taxes.(b4 filing for returns)
2007-04-11 11:36:46 · 3 answers · asked by abh 2 in Business & Finance ➔ Taxes ➔ United States
There are some good estimators at http://www.paycheckcity.com
2007-04-11 11:45:54 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋
You must have paid some taxes before? If not, then congratulations.
Go on IRS.gov and look at the simplified tax form and the tax tables. Depending on your situation, the total income tax may be somewhere around 15%. In addition, you'll have to pay SS tax and medicare tax, equaling about 7.5%. So, for simplicity, assume about 20% federal tax bite. Now consider your state income tax situation. Anywhere from 0-10% will be taken. So, for simplicity sake, if you have an average state tax bite, figure about 25%, or $11,000.
2007-04-11 11:43:15 · answer #2 · answered by Still reading 6 · 0⤊ 0⤋
Watch this video and pay NOTHING!
http://video.google.com/videoplay?docid=-4312730277175242198
They might fine you, arrest you, or send you to jail, but they'll be breaking the law if they do.
We need to stand up to our leaders and tell them that they work for us, not the other way around. They are duty bound to support the constitution, not the bankers that stole our country.
2007-04-11 12:59:52 · answer #3 · answered by SmartAlex 4 · 0⤊ 1⤋