What is the tax deduction on $500?

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federal income tax withholding depend on w-4 can withhold nothing. expect you'll want withhold @ least 15% or $75 until know how you'll pay in taxes. if figure (when 2008 tax return , large sum back) increase withholdings increasing exemptions. if didn't withhold enough decrease number of exemptions on w-4.

fica you'll pay 6.2% social security on first $108k , 1.5% medicare no limit. on gross income.

if received $500 weekly salary check in united states under business tax id number...how taxes be?? ideas?
thx.


Business & Finance Taxes United States Next



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