How much fed tax on 37000?

Question

How much fed tax on 37000?

Answer 1

If you were in the United States it would be $5,593.75. In the US you pay 10 cents in the dollar on the first $8,025.00, then 15 cents in the dollar on the next $24,525 earned (to total $32,550.00) and then 25 cents in the dollar on the remaining $4,450.00 of the total $37,000.00 that you earned.

If you were a tax payer in Australia it would be $5,700.00 as stated by Helen E earlier. You have no tax liability for the first $6,000.00 earned (the Tax Threshold amount). For every dollar earned above that figure the tax rate is 15 cents in each dollar up to $30,000.00 and the for every dollar earned above $30,000.00 the tax rate is 30 cents in each dollar up to $75,000.00 earned.

Link one will take you to the ATO's site where these rates are shown. Link 2 takes you to a site where US Federal Tax rates are shown.

Answer 2

Assuming you're a full-time Australian resident in 2008, the tax payable would be 5,700.

Answer 3

not very much.