2007-10-21 22:39:17 · 3 answers · asked by jeevagun 1 in Business & Finance ➔ Taxes ➔ United States
Please give the exact answer
2007-10-21 22:47:40 · update #1
as little as possible
2007-10-21 22:41:58 · answer #1 · answered by Anonymous · 0⤊ 0⤋
There is no exact answer. Taxes depend upon income. A high-income earner will pay significant tax. Someone earning near the bottom of the wage scale will pay little or none.
Age, marital status, number of dependents, etc. all come in to play and affect the ultimate tax liability. Additionally, most states levy an income tax on top of the Federal income tax so there will be state income taxes to contend with.
For some handy estimators, go here: http://www.paycheckcity.com
2007-10-21 23:02:54 · answer #2 · answered by Bostonian In MO 7 · 1⤊ 0⤋
It depends upon your filing status (Single or Married), number of dependents, your income (earned and unearned income), your spouse’s income, and your State. It can range from around 0% to 40%.
A large number of low income tax filers in the U.S. even get extra money because of Earned Income Credit and Child Tax Credit.
It will be better if you give more information, or do you want federal income tax range for a particular status (Single, Married Filing Jointly, .....).
2007-10-21 22:58:11 · answer #3 · answered by MukatA 6 · 1⤊ 0⤋