I live in Denver, CO I'm 16 I know I have to pay taxes because I did with the last job but I was to stupid to pay attention to tax percentage. This new business wants to start me at 8 Dollars an hour 40 hours or more a week with overtime if more of course but I have no clue what percentage I would be giving up for taxes with my pay rate and age puts me in a low tax bracket but I don't know what the percentage is.
FL has no state income tax. they're speaking about his federal bracket - without understanding what their finished joint income became for the three hundred and sixty 5 days, no thanks to guess - is someplace between 0 and 35%. The 20% isn't a value, it truly is tax withholding and he will educate it on his go back at the same time as he archives next three hundred and sixty 5 days. Being disabled doesn't unavoidably propose he can do a withdrawal penalty-free.
at 16 you are a dependent of your parents(unless legally emancipated) and your non taxable limit for wages would be $5950 the lowest tax rate is 10% and will be applied to the excess, which increases the tax rate at the excess increases it is unlikely you will earn enough to be taxed at 15% for your information age has nothing to do with the rate of taxes
