How to figure out the Federal Tax in a phone bill?
Minh N asked: In a bill from BellSouth, there are many Federal Charges: Federal Universal Service Charge, Federal Exercise Tax, and Federal Tax.
Which kind of these taxes is claimed in Income Tax Return 2006?
In additions, may a taxpayer claim Federal Tax in a moblie phone bill?
Thanks for your answer.
How Federal tax is calculated for whithholding from paycheck?
Azhar asked: I couple of related questions:
1- Is there a formula that is used to calculate federal tax that is going to be whithheld from every paycheck? I understand it is based on W-4 form enteries, frequency of the paycheck (weekly, biweekly etc) and the tax bracket related to the taxable income but can [...]
Can your state income tax be a deduction on your federal taxes?
van_wyhe_halen asked: 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?
What’s the tax advantages of using a tax ID number instead of my social for my business?
dreamfactoryent asked: I have a home based business that uses my social security number to file taxes. I understand the benefits when filing this way. I am considering getting a Federal ID or tax id number for my business. Would I still use a schedule C when filing? What are the pros and cons of [...]
What is the tax rate on tuition reimbursement?
mparkerson2 asked: I am normally taxed about about 21% of pay in taxes.
I’ve broken the $5,250 barrier allowed by the federal government on tuition reimbursement from my employer.
However, when I submitted my $1029.35 bill for tuition reimbursement here is how I was paid-
Total bill – $1029.35
Federal Income Tax – $257.34
Social Sec. Tax – $63.82
Medicare [...]
How much tax should he send to the IRS for the first quarter?
brittandbaby asked: Darrell owns a consulting business and has an estimated annual income of $63,000. His
Social Security tax is 12.4%, Medicare is 2.9%, and his estimated federal income tax rate
is 22%. How much quarterly estimated tax must Darrell send to the IRS for the first
quarter?
A. $5,874.75 C. $15,750.00
B. $13,860.00 D. $23,498.99
What are all the Income tax deductions in a Payroll from Philadelphia PA?
geniepr asked: My husband is getting paid $12/hr this payroll gross was $918. The deductions are $278.40 (child support) and all the other taxes deductions. I see everything in order but they started also holding Philadelphia local Income tax for $88.04. I did know about Federal Income tax and PA income [...]
