Thanks!
2007-10-09 05:41:12 · 4 answers · asked by Melanie T 2 in Business & Finance ➔ Taxes ➔ United States
Probably nothing with 7 dependents...otherwise not more than 10% or $300.
2007-10-09 05:50:31 · answer #1 · answered by ~ Floridian`` 7 · 1⤊ 1⤋
many times you do greater valuable as married submitting at the same time. in case you should amend your return, use type 1040X. you have as much as 3 years from the due date of the return to make adjustments. So case in point in case you filed your 2008 return by using April 15, 2009, you have till April 15 of 2012 to make adjustments. many times the only motives to record one after the different once you're married is that if one better half has extreme scientific, or one better half has extreme earnings and does not desire the different better half to renowned what they are making.
2016-11-07 19:19:46 · answer #2 · answered by ricca 3 · 0⤊ 0⤋
It's part of your gross wages and is taxed as ordinary income.
Bonuses are subject to a mandatory 25% withholding rate when paid but that will even out at tax time.
2007-10-09 05:55:41 · answer #3 · answered by Bostonian In MO 7 · 0⤊ 0⤋
It goes into your total income and gets taxed at the rate that your tax return ends-up-at. They might apply withholding, but that is not the same as the actual tax burden. And you could even do income-averaging to lower the final tax burden.
2007-10-09 05:47:59 · answer #4 · answered by Anonymous · 0⤊ 1⤋