Taxes Questions and Answers

How much will my settle up check be after taxes?

I live in California. I'm trying to estimate my paycheck for the different job I'm starting soon.

My check will be 2,144.80 beforehand taxes. I'm single and am going to claim as independent.

Anyone know how much will be taken out in taxes?


Answers: About 20 to 30% (Federal + State + SSI + Medicare) disappearing you with 70 to 80% after taxes.

Was that monthly or weekly?

See IRS Pub 15 page 41-60 for withholding tables
http://www.irs.gov/pub/irs-pdf/p15.pdf
The graceful answer is to ask the payroll dept.

What was a tessa and how much could you put into it in any tax year?




Answers: TESSA stood for Tax Exempt Special Savings Account.

The limits were £3000 in year 1, £1800 in years 2,3 and 4 and £600 in year 5. After the fifth anniversary the capital i.e. £9000 could be rolled over into a TESSA2.

The last TESSA could be started on 5th April 1999.

On maturity TESSAs the rules had then changed and TESSAs could be rolled into TOISAs (TESSA Only ISAs) which are open ended tax free accounts.
Golly, I haven't heard that name for AGES lol

blast from the past!

sorry, got no info for you but I'll be interested in seeing what answers you get.
Tessa was a tax free saving scheme similar to the current ISA. You could put what was in those days, quite large sums, about £7000 if I recall correctly.
The chancellor decided he was losing too much tax revenue and introduced the current ISA amidst much confusion.
Tessas are now obsolete but still exist in the form of Tessa only ISA's. I even have one myself.
Gosh, this brings back memories.

TESSA was the acronym for Tax Exempt Special Savings Account and I think they ran for five years. From memory the limit was £1,800 a year but I think there was some rule which allowed more in the first year provided the overall £9,000 wasn't exceeded over the five years.

Who know a Cheap place to bread my income charge check?

i live in Arlington, Texas


Answers: Well if you turn to a check cashing place, they'll take roughly speaking 5% of your money. I would open a ridge account beside your refund check and that opening you will keep adjectives your money.
I am assuming you do not have a checking tale and may not be able to obtain one but that does not mean you cant plain a savings story and deposit the check then turn around and repeal the money when it clears...most banks will interested a savings when you may not be approved for a checking due to various reasons

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