i have 1099 income $24000. i'm single and no deduction, what's my federal tax payment for 2010 ?

1 Answer

Answer :

“i have 1099 income $24000. i'm single and no deduction, what's my federal tax payment for 2010 ”

Related questions

Description : What do you think the chances are The President and Congress get rid of mortgage interest and property taxes being a deduction on federal income taxes?

Last Answer : From what I hear, it is Republicans who are talking about closing “loopholes” and capping deductions more than Democrats. But whether it, or anything will happen, I don’t know. And I doubt it could effect this year’s taxes anyway.

Description : What do I do if I did not receive a 1099 federal tax form?

Last Answer : You can call the person or business. If that doesn't get anywhere, you can use bank statements or invoices to determine your total amount earned.

Description : Can I hire someone to fill out my 1099 federal tax forms?

Last Answer : Yes, you can. A CPA or even bookkeeper can fill out and provide your 1099 forms to your vendors, contractors or other receivers of funds from you. Please note that the 1099 due date has ... 1099 tax forms for your. Most CPA firms with Employee Benefit departments will provide this service for you.

Description : With a gross income of 30,000 and a 25% tax deduction, what is your monthly net income?

Last Answer : 22500

Description : Section 80E of the Income Tax Act provides for deduction of interest paid on Education or study loan taken for higher education. Deduction under section 80E is available for _____ A. 2 years B. 4 years C. 8 years E. 10 years

Last Answer : C. 8 years Explanation: An education loan can not only fund your higher studies but also help save tax. The interest paid on the education loan can be claimed as deduction, as per Section 80E of ... and is available up to eight years, or until the payment of interest in full, whichever is earlier.

Description : From the following deduction , which deduction from subsistence allowance is needed prior consent from suspended employee a. Deduction related with income tax b. Repayment of loans and advance taken from government c. Deduction related with PLI premium

Last Answer : c. Deduction related with PLI premium

Description : Raman & Co., a Partnership firm, received Rs.5 lakh from Insurance Company under Keyman Insurance Policy consequent to demise of Partner Pramod. The amount of premium of Rs.230000 paid earlier was claimed as ... ) b) Fully taxable as Income c) Rs.270000 is taxable d) Rs.230000 is taxable

Last Answer : d) Rs.230000 is taxable

Description : I need to receive a replacement SSA 1099 form for the year 2010.?

Last Answer : need a replacement form SSA 1099 form for the year 2011

Description : 1099 for unemployment earnings 2010?

Last Answer : How do I get a 1099 for unemployment payments?

Description : What is the break down for one federal tax dollar in 2010?

Last Answer : answer:You might have to do a little bit of math to break it down to specifically one dollar, but here’s an excellent infographic for the federal budget: http://www.wallstats.com/deathandtaxes/

Description : What federal tax credits are available for 2010 tax returns?

Last Answer : There are many tax credits available for 2010. Energy credits are of big interest as this is the last year you can claim them. There are also credits for dependent care costs and charitable donations.

Description : Tax Deduction Source?

Last Answer : TDS, collecting of income tax. It is a type of direct tax deduction by a person making payments. A person making the payments after charging TDS is called the Deductor while a person receiving payment is ... for deducting TDS. TDS is in line with "pay as you earn" scheme known as Withholding Tax.

Description : Is it possible to get a tax deduction for an RV donation?

Last Answer : Yes, you can have a deduction but you must be sure that the charity your are donating it to is a registered 501(c)3 organization. It is a requirement from the IRS.

Description : If I made a car donation can I qualify for a tax deduction?

Last Answer : No this year they are giving no tax breaks for that.

Description : Can I claim a tax deduction by donating a used car to charity?

Last Answer : You can claim the estimated value of the car if you have donated it to charity.

Description : What is the maximum tax deduction for an auto donation to charity?

Last Answer : The maximum tax deduction for an auto donation to any charity is the full value of the vehicle donated. You can not write off more than the vehicle's full value.

Description : How much of a tax deduction to car donations to charity receive?

Last Answer : By law, you can only deduct the amount of money the charity eventually sells the car for.

Description : Where can I go to donate my used wheelchair in the Seattle area that will also allow me to use the donation as a tax deduction?

Last Answer : Goodwill donations are tax deductable, and there are several stores in the Seattle area where yuo can donate your wheelchair. You may also want to look for a local charity for the disabled, or homeless shelter, as it is possible both could take your wheelchair as a tax deductable donation.

Description : Can I get a tax deduction for my roth IRA?

Last Answer : There is no Roth IRA tax deduction, but this does not mean that the Roth IRA does not have tax implications. More information can be found by asking an accountant.

Description : Which of the following is an indication of lack of objectivity of an auditor? a. The auditor believes that accounts receivable may not be collectible, but accepts management's opinion without an independent evaluation. ... . c. Both a and b above would be a violation d. Neither would be a violation

Last Answer : The auditor believes that accounts receivable may not be collectible, but accepts management's opinion without an independent evaluation.

Description : Expenditure incurred on exempted income is …………. as deduction. A) Fully Allowed B) Partly Allowed C) Not Allowed D) None of these

Last Answer : C) Not Allowed

Description : Where do you get Tax Form 1099?

Last Answer : If you are wanting to fill out a 1099 you can get them at www.irs.gov/pub/irs-pdf/f1099msc.pdf. If you think you should be receiving one then you may get them for contract labor or miscellaneous ... contract and earned more than $600. This form will be mailed to you by the person that paid you.

Description : will i receive a tax refund if i file a 1099 form?

Last Answer : Not necessarily. Whether or not you receive a refund depends on your taxable income and how much you paid the government during the fiscal year. Nothing else guarantees that you get a refund.

Description : Where can I find a 1099 tax form?

Last Answer : You can get a 1099 tax form from any IRS. office or down load one from their official web site or you can ask them to email one to you and just print it off

Description : Where can I get a 1099 tax form?

Last Answer : Visit www.irs.gov to find and download the 1099 tax form. As an aside you should always make sure you are downloading the form, and indeed any other formal/legal documents from a legitimate government website.

Description : Understanding The New 1099 Tax Reporting Law?

Last Answer : Businesses in the United States will have a new federal tax reporting requirement for 2012. All revenues earned through the sale of merchandise, goods, services and vendor supplies will have to be ... the overseer of the new legislation because the bill was part of the health care reform changes.

Description : What does it mean for me if my employer uses a 1099 tax form?

Last Answer : What this means, is that each time you're paid by your employer, he will have to file a 1099 tax form. These forms are used mostly for contract work for small businesses, and will have no effect on how you file your taxes.

Description : Where can I get information on a 1099 tax form?

Last Answer : You can find information about the 1099 tax form, as well as other tax forms, on the IRS website at http://www.irs.gov/app/picklist/list/formsInstructions.html

Description : dissability never sent me my 1099-G form and now they are trying to tax me?

Last Answer : Helpp I might end up losing thousands of dollars

Description : how much i have to pay if i want it 1099 for an income of 72000?

Last Answer : how much taxes i owe for an income of$72000 annual if ia am going to do 1099

Description : If you had the option to decide how much to pay in federal income tax,what percentage would you pay?

Last Answer : My effective rate is 15%, according to turbotax. I’d be willing to raise that 2 or 3 percent.

Description : We're Not Legally Obligated to Pay State/Federal Income Tax? It is a voluntary tax?

Last Answer : I can direct you to a law on a dot-gov website that states pretty darn clearly what happens to you if you don’t pay federal income taxes. You go to jail. So if by “voluntary” you mean, your choice is your money or your freedom, the suuuure, it’s voluntary.

Description : I am unemployed. Do I pay federal tax on interest rate income i make from investing in treasury notes?

Last Answer : I would check the IRS website….but you probably do have to pay taxes on that income if it exceeds a certain amount.

Description : Do you believe that, during your lifetime, the current USA federal income tax (and the IRS) will be eliminated and replaced with a federal sales tax?

Last Answer : I don't think a national sales tax is the answer. Now, I'm no economist, so my logic may be faulty but here goes: For the purposes of this example, assume all 3 families consist of 2 adults and ... fair and across the board is to go with a flat percentage rate tax on income only, paid by everyone.

Description : the federal income tax is a _____ -General Knowledge

Last Answer : The federal income tax is a progressive tax.

Description : What online personal income tax software for both federal and state taxes can you recommend?

Last Answer : I recommend online personal income tax software for both federal and state taxes, as well as software to help you file an extension if you need it.cutt.ly/JjWSDSE

Description : What branch of government determines or creates the federal income tax?

Last Answer : Feel Free to Answer

Description : What is income tax withheld from each paycheck and sent to the state or federal government?

Last Answer : WithholdING taxes

Description : Who would have more federal income tax withheld from emploee's paycheck with allowances?

Last Answer : Need answer

Description : What will be the end result for the taxpayer who filed his federal income tax return using the 1040EZ form shown below?

Last Answer : he will owe $135

Description : I cannot find an address to send my federal income tax return to. Do you happen to know where I can find this address?

Last Answer : What is the mail to address for tthe IRS.GOV

Description : Am I required to file federal income tax forms?

Last Answer : Most but not all people need to file federal income tax forms. If you do not meet the minimum income requirement, then you do not have to file for federal income tax.

Description : Where can I find federal income tax forms online?

Last Answer : The best place to find federal income tax forms online is IRS.gov. There are multi year forms with instructions and the site is user friendly.

Description : where can i pick up federal income tax forms?

Last Answer : the forms will be available at the post office soon but if you can't wait or for some reason they don't have them soon you can get the forms from the IRS website. where can I pick up forms ? Perkins Ok. 2000,2001,2003,2004

Description : When cashing mature E bonds, can federal income tax be withheld from the interest paid on those bonds.?

Last Answer : The earned interest will be taxed the year they mature whether you cash them in or not

Description : what was the of the federal income tax law in 1913, how many states were there, and how many states ratified the law?

Last Answer : The federal income tax law, otherwise known as the 16th amendment, allowed the Congress to create a federal income tax. This would allow Congress to create the tax at a rate that doesn't pertain ... to 42 states ratified. Three states rejected the amendment and three more simply did not act on it.

Description : Where to find a federal income tax calculator for work at home people?

Last Answer : you can find a tax calculator anywhere on line basically check out these websites they can help http://www.irs.gov/individuals/article/0,,id=96196,00.html"

Description : Should I get a tax services company to help me fill out my federal income tax 1040 form?

Last Answer : As you have never filed a 1040 tax form, it would be best to have a tax service assist you so no mistakes are made in the process. I recommend using a 1040 EZ form if your average income is less than $100,000 a year.

Description : Which of the following is not a use of the federal income tax?

Last Answer : presidential election campaigns

Description : Which of the following taxes is regressive? a. the federal income tax b. the state income tax c. the sales tax d. the Medicare tax

Last Answer : c. the sales tax