indra_babu Posted October 12, 2012 Report Posted October 12, 2012 nenu opt lo vunna, located in chicago. naku tax 24.__% cut avuthundi per paycheck. and that too just federal and state. is 24% tax normal for students on opt? kinda federal income tax 2012 bracket post chesa... if it is abnormal... i will ask my employer. I am single tho 25% Bracket $70,700 – $142,700 (Married) $35,350 – $85,650 (Single)
JUJUBI_JULABI Posted October 12, 2012 Report Posted October 12, 2012 OPT e ga .. per diem cheyinchuko ..
indra_babu Posted October 12, 2012 Author Report Posted October 12, 2012 [quote name='JUJUBI_JULABI' timestamp='1350052561' post='1302617121'] OPT e ga .. per diem cheyinchuko .. [/quote] avvadu bhayya... ma company vallu eyyaru nadi FT
CheGuevara Posted October 12, 2012 Report Posted October 12, 2012 [quote name='indra_babu' timestamp='1350052451' post='1302617109'] nenu opt lo vunna, located in chicago. naku tax 24.__% cut avuthundi per paycheck. and that too just federal and state. is 24% tax normal for students on opt? kinda federal income tax 2012 bracket post chesa... if it is abnormal... i will ask my employer. I am single tho 25% Bracket $70,700 – $142,700 (Married) $35,350 – $85,650 (Single) [/quote] where you got this tax bracket info.... link plzzz
JUJUBI_JULABI Posted October 12, 2012 Report Posted October 12, 2012 [quote name='indra_babu' timestamp='1350052653' post='1302617134'] avvadu bhayya... ma company vallu eyyaru nadi FT [/quote] Ok .. then no idea baa ..
indra_babu Posted October 12, 2012 Author Report Posted October 12, 2012 [quote name='CheGuevara' timestamp='1350053067' post='1302617191'] where you got this tax bracket info.... link plzzz [/quote] [url="http://www.forbes.com/sites/moneybuilder/2011/09/30/2012-federal-income-tax-brackets-irs-tax-rates/"]http://www.forbes.com/sites/moneybuilder/2011/09/30/2012-federal-income-tax-brackets-irs-tax-rates/[/url]
CheGuevara Posted October 12, 2012 Report Posted October 12, 2012 [quote name='indra_babu' timestamp='1350053228' post='1302617209'] [url="http://www.forbes.com/sites/moneybuilder/2011/09/30/2012-federal-income-tax-brackets-irs-tax-rates/"]http://www.forbes.co...-irs-tax-rates/[/url] [/quote] Thank you..
CheGuevara Posted October 12, 2012 Report Posted October 12, 2012 two important tips... increase your number of allowances on w2 form -- for single 3 is the maximum. increase the percentage of 401k plan if you are with before tax deduction.
indra_babu Posted October 12, 2012 Author Report Posted October 12, 2012 [quote name='CheGuevara' timestamp='1350053777' post='1302617269'] two important tips... increase your number of allowances on w2 form -- for single 3 is the maximum. increase the percentage of 401k plan if you are with before tax deduction. [/quote] so 24% of tax is justified?
CheGuevara Posted October 12, 2012 Report Posted October 12, 2012 [quote name='indra_babu' timestamp='1350057594' post='1302617797'] so 24% of tax is justified? [/quote] what is your gross income.
indra_babu Posted October 12, 2012 Author Report Posted October 12, 2012 mamulug antha vuntadi? opt tax...
edisav_edava Posted October 12, 2012 Report Posted October 12, 2012 opt tax ki mamul tax ki only difference is 7.65% thats SS and medicare taxes....opt are exempt from it... ippudu entha cut chesina....exact tax cut or refund would be known when u file returns...ippudu okavela ekkuva cut ayina returns lo vachesthadi... endukante,...final ga year pay w2 lo vasthadi..dani paine tax calcualate chestharu..ah brackets appude calculate chestharu.....ekkuva kadithe returns lo vasthayi... inkokati enti ante...okavela ippudu allowances increase chesthe...tax returns lo takkuva vasthadi.... ippudu tax ela calculate chestharu ante... if the pay is run for a month for 5k, then the payroll calculator does apply tax bracket for 60k annually..then ah tax amount lo vachina danini divided by 12 chestharu...adhi neeku tax.....
Spartan Posted October 12, 2012 Report Posted October 12, 2012 enni chesina cut ayyedi ante... SSN and medicare migultai ..u cannot be exempted from more than that.. dont play around with ur W4...ippudu vachina...malli tarvata kattalsi vastadi.. jus make sure that SSN and medicare are not being deducted ante...
deals2buy Posted October 12, 2012 Report Posted October 12, 2012 [quote name='ChittiNaidu' timestamp='1350065530' post='1302618611'] enni chesina cut ayyedi ante... SSN and medicare migultai ..u cannot be exempted from more than that.. dont play around with ur W4...ippudu vachina...malli tarvata kattalsi vastadi.. jus make sure that SSN and medicare are not being deducted ante... [/quote] GP sitti
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