84000yr. 4%to 401K . Insurance is 340/pay period (26/yr). What % to break even on Federal Taxes?

0 ⤊

84000yr. 4%to 401K . Insurance is 340/pay period (26/yr). What % to break even on Federal Taxes?

2007-05-21 16:00:35 · 2 answers · asked by tmh 2 in Business & Finance ➔ Taxes ➔ United States

2 answers

As Judy said, not enough info. If single, no kids, no itemized deductions, then your federal tax will be about $14,500. If married filing joint with no kids and no itemized deductions, then the federal tax will be around $9,400.

2007-05-25 12:44:57 · answer #1 · answered by Anarchrist 5 · 0⤊ 0⤋

Not enough information to give you even a guess. The answer for example is very different if you're single, take a standard deduction, and don't have adjustments, that if you're married, have four kids and a big mortgage, and are paying interest on school loans.

2007-05-22 10:44:13 · answer #2 · answered by Judy 7 · 0⤊ 0⤋