Siebsjo asked:


I am an independant contractor and didn’t pay enough quarterly tax so now I am getting hit with extra taxes. Unable to pay the lump sum by April 15th.

sherry w asked:


I’m being offered a new salary job. I would like to see what my take home pay would be after federal taxes social security and ky state taxes are held out. I use single 0 dependents.

mechellmybell72 asked:


If I had $10,000 in income at the end of a year, which would be wiser to do. (1) Purchase more inventory and if so, would I have to pay taxes on that? (2) Pay taxes on the income. (3) Purchase assets?
This is based on a company in Florida which buys and resales merchandise that is shipped mostly out of state.

g-money asked:


How much in taxes goes out of your paycheck for overtime hours? How much (percentage wise) in taxes would be taken out of 10, 15, and 20 hours of overtime?
I’ve heard that if you work more than 8 hours of overtime, the rest of it will just go to taxes.

angeldust asked:


I have asked a similar question a few times, and I wanted to clarify my situation in the hopes of being able to get the most accurate answer. I was hired to work as a secretary for 40 hours a week at a rate of 8 dollars an hour. My employer told me that I will need to do my own taxes, and she will not deduct them for me. I will not be filling out a W4 form at work. I was told that I would need to pay my taxes quarterly. This is brand new to me, and I am worried. I am trying to figure out how much money I will need to take out of each weekly pay check so that I don’t get into a situation of owing more taxes than I can afford to pay. My husband is not working, and we are on a very tight budget. I need to know how much to save each week for taxes, because every penny counts!

laddcb asked:


I am moving to IL where I will have to pay state taxes but will still be doing work for a company in FL where there are no state taxes. Any idea where I can find info on whether myself and company need to take out state taxes?

Being Myself asked:


Ok, I’m 16 and I’m starting my first job on Friday. MY starting wage is going to be $7. 50 an hour and I work 19 hours a week so I should be earning $142.50 per week. However, everyone keeps saying something about taxes and how what I earn is actually going to be lower…..could someone explain this concept to me?

marinella1313 asked:


I am shipping my items only domestically. I sell children’s tshirts and they are not heavy to ship so how do I calculate taxes and shipping??

I have a UPS account but I know USPS is cheaper and probably more attractive to customers. Plus I am in California, so do I add the 8.25% sales tax? Or do I do a sales tax for each individual state?

Should I ship internationally?

inletts asked:


My tax return is pretty simple since all I have is a W2. Is the cheapest way to file both federal and state (NJ) returns to file the federal tax return through a free online service like Turbo Tax and the NJ taxes through the NJ.gov website? Someone please help me!

truth is… asked:


I have heard a million times over to file taxes jointly with your spouse. However, every time I do taxes on Turbo Tax when I add his income in the tax due is TRIPLES or QUADRUPLES but our income only had doubled. I don’t understand! Where are the benefits?

We have no dependents, own our home, and earn the same amount of money as full-time public school teachers. Are there really benefits to filing jointly?