Tag Archive | "Federal"
What Taxes Does A Company Pay For Its Earnings?like Federal Tax, State Tax, Social Security Tax, Medicare Etc?
An employee pays federal tax, state tax, medicare tax, SUI/SDI tax and social security tax.. But, what type of taxes does a company pay for its profit/earnings?
Continue reading...Does The Irs Tax You After You Already Paid The Federal And The State Taxes On Your Lottery Winning?
Wednesday, February 10, 2010
1.I am not sure,so I ask. After the federal and state taxes on your lottery winning is already paid,does the IRS tax you anymore? 2.What do you think about taxes on lottery winnings? Even though,buying a lottery ticket is the same as a voluntary tax.
Continue reading...How Much Of My Paycheck Will Go To Taxes In Arizona Including Federal Taxes When I Get A Job?
Tuesday, February 9, 2010
I am a single with no dependents as far as tax stuff goes. If I get a job, how much of my paycheck will go towards paying taxes in Arizona and Federal taxes? I want to try to calculate how much money I would be earning.
Continue reading...How Much Federal Taxes Will I Get Back After My New Car Purchase?
Monday, February 1, 2010
I recently purchased a brand new car. I paid $1280 in sales tax for Michigan. How much additional will I get back in Federal taxes? I make $30,000 a year and I am married and have 2 children. Help me out if you can.
Continue reading...How Do I Exclude Social Security And Unemployment Taxes From My 2006 Federal Tax Return?
Sunday, January 24, 2010
I have a special NIH grant (NRSA) as a postdoc that excludes me from having to pay social security (FICA) and unemployment taxes (FUTA) because I am not considered an employee. How do I file a tax return so these taxes are not paid? Any tips would be helpful! (For the [...]
Continue reading...Can I Deduct Federal Taxes Paid In 2007 On My State Tax Return?
Friday, January 1, 2010
I made a mistake on my 2005 Federal taxes and had to pay about $1000 in 2007 on that 2005 tax year. Pretty sure I can’t deduct that on my Federal return, but can I deduct it on my state return?
Continue reading...How Do State And Federal Income Taxes Work?
Friday, December 25, 2009
I am 16, live in Michigan, and recently started working my first real job. On my most recent paycheck over half of it went to Federal Income taxes, State Income taxes, Social Security taxes, and Medicare taxes. Does this sound right?
Continue reading...Can You Itemize Your State Taxes On Your Federal Tax Return?
Monday, December 14, 2009
I hear so much about how you won’t have enough to itemize to overcome the standard deduction if you don’t own a home. However, I paid almost $4000 in state taxes in 2006, which is close to my standard deduction of $5150 (single). I’ve heard that you can itemize state taxes. Does that mean [...]
Continue reading...Our State Taxes Are Higher Than The Federal. Does Anyone Else Live In A State With High Taxes?
Monday, December 7, 2009
We do not itemize our federal taxes. Still we pay $600 more per year in state taxes than in federal.
Continue reading...Can Your State Income Tax Be A Deduction On Your Federal Taxes?
Sunday, December 6, 2009
I am doing my taxes by myself for the first time, and I heard somewhere that your state income taxes can be a write off on your federal income tax. Is that true?
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Wednesday, February 24, 2010
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