## 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

1. Step 1: To calculate your interest rate, you need to know the interest formula I/Pt = r to get your rate.
2. I = Interest amount paid in a specific time period (month, year etc.)
3. P = Principle amount (the money before interest)
4. t = Time period involved.
5. r = Interest rate in decimal.