How to Calculate the Federal Income Tax?

Answer All residents of the United States are required to file a federal income tax return every year. It is important to file before the April 15 deadline so you do not have to pay additional fines or pe... Read More »

Top Q&A For: How to Calculate the Federal Income Tax

How to Calculate Federal Income Tax?

To calculate federal income tax, you need to first estimate your adjusted gross income (AGI). Then, estimated taxable income is determined by subtracting allowable deductions and exemptions from AG... Read More »

How do I calculate federal income tax withholding?

W-4/Circular ECheck your most recent W-4 form for your filing status and number of allowances. Ask your employer for a copy of the Internal Revenue Service (IRS) Circular E for the tax year you are... Read More »

Calculate depreciation for federal income tax?

The answer is D. MACRS is mandatory for most tangible depreciable property placed in service after December 31, 1986 unless transitional rules apply (Code Sec. 168) Source(s): 2008 Master Tax Guide

How to Calculate Federal Income Tax on Wages?

The United States levies taxes on income from wages as well as income from capital gains and other sources. The government taxes this income at certain rates, depending on the source of the income ... Read More »