By What were the tax brackets in 2008?
Ordinary taxable income brackets for use in filing 2008 tax returns due April 15, 2009.
| Tax rate | Single filers | Married filing jointly or qualifying widow/widower |
|---|---|---|
| 10% | Up to $8,025 | Up to $16,050 |
| 15% | $8,026 – $32,250 | $16,051 – $65,100 |
| 25% | $32,551 – $78,850 | $65,101 – $131,450 |
| 28% | $78,851 – $164,550 | $131,451 – $200,300 |
What is the California tax table?
The California income tax brackets are based on taxable income as well as your filing status….California Tax Brackets for Married/Registered Domestic Partner (RDP) Filing Separately Taxpayers.
| Taxable Income | Rate |
|---|---|
| $0 – $8,809 | 1.00% |
| $8,809 – $20,883 | 2.00% |
| $20,883 – $32,960 | 4.00% |
| $32,960 – $45,753 | 6.00% |
How much state tax Should I withhold in California?
Single Tax Withholding Table
| If the Amount of Taxable Income Is: | The Amount of Tax Withholding Should Be: |
|---|---|
| Over $0 but not over $8,809 | 1.1% |
| Over $8,809 but not over $20,883 | $96.90 plus 2.2% of excess over $8,809 |
| Over $20,883 but not over $32,960 | $362.53 plus 4.4% of excess over $20,883 |
How do you calculate tax on a purchase?
The formula for calculating the sales tax on a good or service is: selling price x sales tax rate, and when calculating the total cost of a purchase, the formula is: total sale amount = selling price + sales tax.
What was the standard deduction in 2008?
$10,900
Standard Deduction Amounts
| Year | Married filing jointly and surviving spouses | Single filers |
|---|---|---|
| 2008 | $10,900 | $5,450 |
| 2009 | $11,400 | $5,700 |
| 2010 | $11,400 | $5,700 |
| 2011 | $11,600 | $5,800 |
What is California tax rate 2020?
California state tax rates are 1%, 2%, 4%, 6%, 8%, 9.3%, 10.3%, 11.3% and 12.3%….California state tax rates and tax brackets.
| Tax rate | Taxable income bracket | Tax owed |
|---|---|---|
| 1% | $0 to $17,864 | 1% of taxable income |
What is the California standard deduction for 2020?
2020 Standard deduction amounts
| Filing status | Enter on line 18 of your 540 |
|---|---|
| Single or married/Registered Domestic Partner (RDP) filing separately | $4,601 |
| Married/RDP filing jointly, head of household, or qualifying widow(er) | $9,202 |
Does California have a standard tax deduction?
The income tax withholdings formula for the State of California includes the following changes: The low income exemption amount for Married with 2 or more allowances, and Head of Household has changed from $30,083 to $30,534. The standard deduction for Married with 0 or 1 allowance has changed from $4,537 to $4,601.
How do you figure out an interest rate?
How to calculate interest rate
- Step 1: To calculate your interest rate, you need to know the interest formula I/Pt = r to get your rate.
- I = Interest amount paid in a specific time period (month, year etc.)
- P = Principle amount (the money before interest)
- t = Time period involved.
- r = Interest rate in decimal.