The Tax Preparation Blog

Archive for the ‘Tax Charts’ Category

Question: In addition to the federal tax, is there a State tax in Australia? How much is it ?

In Canada, for example, the lowest bracket pays 15% to Federal government and for instance 6% to British Colubmia government. How is it in Australia, and is there any charts I can find comparing different tax rates in different states?

Answer: Income tax is federal

http://www.ato.gov.au/youth/content.asp?doc=/Content/40811.htm

State taxes are for things not income – include a stamp duty on any contract or change of title (buying a car or house).

Local taxes are called council rates – you only pay this if you OWN a home.

These Australians will shape 2010

FROM politics to sport, acting, music, movies, crime and policing, these are the Australians who will move, shake and shape the country in the year 2010.

Bill English talks to Bernard Hickey about tax reform, interest rates and the government guarantee

Question: Is there a table to figure out payroll tax withholding percentages?

I am only looking for federal tax witholding information. Is there a tax table that shows the percentage witheld for biweekly income? I’m married, and I only claim 2… but I would like to have a variety of claims to compare what is witheld.

Social Security Tax % witheld based on income?
Medicare Tax % witheld based on income?
Federal Tax % witheld based on income?

I want to be able to look at the chart, and figure out how much will be taken, exactly, every paycheck that I receive.

Thanks.

Answer: For federal tax withholding, use Publication 15: http://www.irs.gov/pub/irs-pdf/p15.pdf

If you read pages 36 – 39, you’ll be able to calculate your federal tax withholding exactly.

Social security tax is 6.2% of gross compensation up to a limit of $102,000 of compensation

Medicare tax is is 1.45% of wages with no limit.
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I’ve got an Excel spreadsheet set up to do the same thing. I can enter each gross paycheck amount, the spreadsheet does the calculation, and I can forcast what my various withholdings are. That way, I can be sure whether my taxes paid for the year will cover my taxes due when I file.

Tree.com Reports Second Quarter 2010 Results

Tree.com, Inc. today announced second quarter 2010 Adjusted EBITDA of $3.4 million, an improvement of $2.6 million over the prior quarter and a $4.8 million decrease from the second quarter 2009. Â Tree’s second quarter 2010 revenue was $45.8 million, down from $48.0 million in the first quarter 2010. Â Tree reported a GAAP loss of $0.07 per share on a net loss of $0.8 million, an improvement …

How to Calculate for Salary, Withholding Tax, etc. (Part 2)

Question: Can you name anything that Obama is compromising and doing without?

Obama says:

As the nation digs out of the most serious economic crisis in decades, Obama said, “We will, each and every one of us, have to compromise on certain things we care about but which we simply cannot afford right now.”

WASHINGTON – President Barack Obama charted a dramatic new course for the nation Thursday with a bold but contentious budget proposing higher taxes for the wealthy and the first steps toward guaranteed health care for all — accompanied by an astonishing $1.75 trillion federal deficit that would be nearly four times the highest in history.

What’s that again?

accompanied by an astonishing $1.75 trillion federal deficit that would be nearly four times the highest in history.

What is he doing without?

http://news.yahoo.com/s/ap/obama_budget

http://ijustcannotshutup.typepad.com/my_weblog/2009/02/president-obama-do-what-i-say-not-what-i-do.html

Answer: Short of the total tyrannical dictatorship that would fit his soul’s desire, I can’t think of a single thing Obama and the rest of the Democrats, as lead by Pelosy and Reid, have comprimised on.

Politicians make 2010 resolutions and wish lists

Entering 2010, the Sooke News Mirror asked our local and provincial elected representatives what they hoped for in the new year.

Why Is America Falling 2009?

Question: Hi how can i get california sales tax chart 8.50%?

Hello can you please tell me how i can get a tax chart for california Thanks everyone

Answer: attached is the CA sales and use tax chart as of 4/1/07

Betty T. Yee Says California Gasoline Demand Up 1% in 3rd Quarter, Diesel Down 10.6%

SACRAMENTO, Calif.—-Betty T. Yee, Chairwoman of the Board of Equalization , today released gasoline and diesel consumption figures for September and total figures for the third quarter of 2009.

The Roads Of Napa – Our deteriorating roadways Part 5 of 6

Learning to read a stock chart is an indispensible skill, in beginners stock trading. A core component of Technical Analysis, a stock chart can tell you a lot about the company you’re researching. I will say this, however: while a chart cannot predict the future price of a stock, it can help you make an educated guess, based on its past movements.

There are many different chart types. It’s important that you understand how to read at least a couple different types of charts in beginners stock trading, as one may be more suitable during different types of research. I’ll cover a few of the most common, and review their pros and cons. Ultimately, I’ll tell you which type I use, and why you should consider making it your primary chart, as well.

The simplest type of chart is the Line Chart. Best compared to the typical “Company Profit” chart, it simply shows a line connecting the dots of the stock’s closing price each day. It’s easy to read and understand for beginners stock trading, but it doesn’t show much for the price action of the stock, during each day. This type of chart is most commonly used to show a stock’s movement at a glance, not for predictive research.

A more complex type of chart is the Bar Chart. Essentially, each day of trading produces another vertical line, or bar, on the chart. The stock’s high and low values for the day determine how tall the bar is, and where it’s positioned on the chart. In addition to each vertical line, a small horizontal line will appear on the left and right side of each bar, showing the opening and closing price of the stock. The opening price will appear on the left, and the closing price will appear on the right. A Bar Chart will also be colored to show whether the price ultimately rose during the day (green) or fell (red). This type of chart is more useful for stock research, as you’re not only able to see where the stock price closed, but also how much the price moved within each trading day. This is important, because it can show you how much price movement you can expect, on any given day. Despite this extra information, Bar Charts can be difficult to read in beginners stock trading, because the horizontal and vertical lines that compose each bar can be quite small.

Expanding on the bar chart, we move to the Candle Stick Chart. This chart gets its name from the fact that each day’s trading looks like a candle with a wick coming out of each end. The length and position of the wick represents the stock’s high and low values, as the bar chart did. Also, the length and position of the candle body determines the open and closing prices of the stock. Like the bar chart, each day’s candle also appears in green or red, depending on the day’s price action. The real benefit of Candle Stick charts over bar charts is the fact that the colored body is much easier to read, letting you spot the open and close values of the stock more quickly in beginners stock trading.

In beginners stock trading, you need to be able to read charts quickly, and effectively. Knowing price direction is not enough. Being able to see each day’s price action, in addition to direction, is a must! As I’ve mentioned, the Line Chart’s simple construction limits its use to quick or historical review of a stock’s price. The need for a more informative chart brought about the Line Chart, which does include most of the information you need for more detailed research. However, it can be difficult to read due to each bar’s size. This leads me to my recommendation for your chart research: the Candle Stick. It combines the ability to show complete information for each day’s trading values with a shape that is much simpler and clearer to read in http://www.powerfulstocktips.com>beginners stock trading. Personally, I use it daily and find it indispensible in my trading. Learn the Candle Sticks, and your trading will improve!

Bernard Hickey: Ten reasons why house prices have 10pc to fall

I want to detail 10 reasons why I think house prices have another 10 per cent to fall, but first a bit of background.Back in March 2008 before the Global Financial Crisis hit and before finance companies collapsed en masse, I…