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If I make 56,000 a year, how much do I have to pay in taxes?


ANSWER


The BIDaWIZ Team's Answer:

For federal tax purposes, this depends on whether you are single or married,

and it depends on the amount of your deductions, & it depends on 

whether you can avail yourself to any available tax credits, and it

depends on whether all of the income is earned, or investment, income.

The current federal tax brackets equal: 10, 15, 25, 28, 33, & 35%.

Your state tax liability depends on your state of residency.  

The BIDaWIZ Team

 

 

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