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| *Loan,banking and credit>>>income tax |
I made 13,000 since Jan.06. No income taxes was taken out. What percentage do I owe? |
What is a good estimate that I should hold back on the 13,000? You should usually estimate about 25% to be safe. If you plan on making more this year, bump that up to about 30%. Remember these are just safe zones... If you don't make any more money the rest of the year, you will prolly only have about 18 % of that taken. If you have a great accountant, nothing. Since not all of them graduated at the top of the class, 28% will be a safe bet. 20% I get taxed about 27% between state & fed. I make maybe $5,000 more per year than you. It also depends if you can claim dependants & such. $14,000 there's a war going on. 10% I think, if bush's tax cut is still effective... otherwise 15% standard deduction is $5000, so figure 10 or 15% of $8000 but I think you probably qualify for the earned income tax credit, so you will pay nothing. 20% to be on the safe side also depends on your situation /:) |
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