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Unemployment Benefits are subject to federal taxation, as well as state taxation (depending on the state in which you live). Certain states exempt unemployment benefits from taxation, and there are states with no state taxation, regardless of the income source. The amount you will pay in taxes on $11,000.00 is dependent on factors such as your tax filing status, how many exemptions you claim on your taxes, and whether you will be filing the standard deduction or itemizing deductions.
It would be impossible to determine how much your taxes would be on unemployment of $11,000.00 without knowing the state where you received the unemployment benefits, and other filing questions that will affect the amount of taxes you will have to pay. If this was all the income you received for the year, regardless of your filing status or state, you should only have to pay a minimum amount. However, if you found work and the $11,000 is only a small percentage of what you received for the year (adding in your employment income) the amount you pay may be much more. I suggest you contact a tax consultant.
Wiki User
∙ 9y ago
Wiki User
∙ 6y agoIt depends on where you live.
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Do you have to file unemployment taxes this year?
If you got unemployment in 2012 you do have to file taxes if you didn't have the taxes taken out of the unemployment you received.
How do you journalize the entry to record accrual of payroll taxes 198.40 FICA taxes 19.84 federal unemployment taxes and 133.92 for state unemployment taxes?
debit taxes expenses 352.16credit payroll taxes 198.4credit unemployment tax 19.84credit state unemployment 133.92
How much is 12 percent of 11000?
12 percent of 11000 = 132012% of 11000= 12% * 11000= 0.12 * 11000= 1320
How much is 4 percent of 11000 dollars?
4 percent of 11000 dollars = $440 4% of $11000 = 4% * $11000 = 4%/100% * $11000 = 0.04 * $11000 = $440
When is a new employee liable for unemployment taxes?
He's not. The employer is the one who pays the state unemployment taxes.
How much will you get back in taxes if i made 11000 with dependant?
It's a little more complicated than that. How much did you take out? How much do you owe after you calculate everything up for the year? That's how you figure out a refund. That's why you need an expert to do your taxes for you - either a software program or a company.
Do you file state taxes for unemployment?
no
Is there a maximum to unemployment taxes paid by an employer?
The taxes paid to the state by the business (for the purpose of the state paying unemployment claims) through their payroll taxes are determined by the state collecting them.
Can you still file for unemployment if you did not file your taxes this year?
yes. Unemployment Insurance is filed with your state, when you become unemployed. Taxes are filed based on calendar years.
Can I use the 1040ez to file my taxes if I was on unemployment?
You will be able to use the 1040ez form if you collected unemployment.
Who enacted 1987 taxes on unemployment?
President Reagan.
Are taxes taken out of unemployment checks in Arkansas?
Yes
