Started By
Message

re: First time ever I got a second job.

Posted on 5/8/15 at 12:11 pm to
Posted by dwr353
Member since Oct 2007
2130 posts
Posted on 5/8/15 at 12:11 pm to
To determine your tax rate, take your total income and subtract your standard deduction and personal exemption(s), that is your taxable income. The first $18150 is at 10%,income from 18150 to 73800 is at 15%, from 73800 to 148850 is at 25%. If your taxable is at 85000 for instance, you pay 1850 on the first bracket and 10027 on the next bracket for a total of 11877. Go online and you can get the other rates(these are 2014 as I recall). This is a rule of thumb. If you itemize it will not be that simple. If your income is over 73800, get a CPA, it is money well spent.
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram