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After paying 15% of his income as taxes, Mr. John has $4250 left with him. What is his income ?

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Posted on May 11, 2010

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What Is Estimated Tax Payment Calendar?

For Government Income Tax reasons, estimated tax payments are due as listed below:

    ·April 15 (first quarter)
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Note that the January 15 quarterly payment is really due, not within the tax year itself, but early the year after (before your taxes returns). Note that when the date falls on the weekend or holiday it might be extended to another working day.

Mar 31, 2015 | Computers & Internet

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Please clarify the question. If you mean tax withholding rate, change the number of exemptions on your W-2. That won't change your tax liability at the end of the year, but will change your take home pay. If you mean actual tax rate, then you need to change the amount or source of your income, or change your tax deductions. Regarding source, I mean earned income vs investment income.

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Can I withdraw my IRA early?

In the case of Traditional IRAs, you deposit contributions without taxes, therefore, if you cash them out before the age of 59 and a half, you will pay income taxes for the whole amount, plus a 10% penalty.
In the case of Roth IRAs, instead, you have already payed income taxes, so you will be able to withdraw the amount you have invested, tax-free. However, if you also want the earnings, you need to wait 5 years from the first contribution you made. Otherwise the contributions will be taxed as income.
Also in this case, though, if you withdraw before the age of 59 and a half you will pay a 10% penalty.
There are, however, conditions that allow you to freely withdraw your IRAs, which are for example medical expenses, educational costs, first home purchases etc. You can check with your accountant if your needs are listed among these exceptions.

Sep 03, 2013 | Finance

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Do i pay early withdrawal penalty if i inherit my father's IRA funds?

Heirs are exempt from the 10% early withdrawal penalty, however you will still pay taxes.
If your father had a traditional IRA you will pay income taxes on withdrawals.
If his IRA account was a Roth, you won't have to pay income tax unless the account is less than 5 years old.

Sep 03, 2013 | Finance

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Are there tax benefits to annuity plans?

Yes there are! The money you invest in an annuity plan is not taxed, its tax is deferred. This means that you don't pay taxes on the money now, but when you start to receive your annuity income during retirement it is taxes like a regular income tax.

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How many hours is part time before paying tax

When your total wages exceed the minimum Earnings, you will have to pay. Typically, you pay each paycheck and then file tax returns for excess contributions for a Refund.

Browser search 2012 Federal Tax Withholding info. I want to say its like $600 total annual but I easily can be wrong. Just know that the Paperboy pays income taxes.

Most of the time, employers deduct and your special status, (student, dependent,etc.) is up to you at end of year.

Don't forget FICA, Medicare type tax, State Tax, etc.

Please rate my info.

Nov 13, 2012 | Cars & Trucks

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Canadian resident filing US tax return, how do I report income as an independent contractor?

Sorry, I don't' know, but you can talk with experts. A good citizen always pays his tax in time and in perfect match. If you are from US or UK, you need to pay your tax in a more organised way. You can get many a firms to pay US tax online. US tax returns are the reports of IRS by which the US tax are calculated. US tax returns are prepared using forms in general though you can learn a lot of other things on US tax. As US tax online strategy helps people to pay taxes easily, you can you can avail the opportunity in case of necessity. Authorities relevant with those departments are helpful and so, you can pay taxes easily. Anything more??

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Who provides different income tax slabs for both men & women?

As It is below the tax exemption limit, she does not need to pay income tax

Oct 18, 2012 | Computers & Internet

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