unemployment question?

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unemployment question?

Do I want 10% of my gross weekly benefit withheld for Federal Income tax?

2007-07-09 04:54:45 · 3 answers · asked by Katie 2 in Business & Finance ➔ Taxes ➔ Other - Taxes

3 answers

You probably do. Unemployment comp is taxable income. If you have any other income for the year, you'll probably owe tax, so it would be a good idea to have some withheld. If you end up not owing that much, you'll get it refunded to you when you file your tax return.

2007-07-09 05:02:45 · answer #1 · answered by Judy 7 · 1⤊ 0⤋

Yes.

2007-07-09 12:01:55 · answer #2 · answered by carinosa81 1 · 0⤊ 0⤋

Why not try to find a job and skip worrying about the intricacies.

2007-07-09 12:02:24 · answer #3 · answered by BREW 2 · 0⤊ 2⤋