How much tax should be paid if income is 16,574 a month?

Question

How much tax should be paid if income is 16,574 a month?

Answer 1

If that were English pound - then the higher rate of 40% would be charged.  Don't think anyone is lucky enough to earn 16 and a half grand a month!  Unless your a politician........

40% from 16,574 would leave 13259.20.  Nice work if you can get it!

The nurses at my dialysis unit are all Phillipino - and they are the loveliest people!

Answer 2

Answer:

Provide me additional information:

A. Is this an income tax on individual

B. If this is, what is your status

C. How many dependent child you have

D. Is this a purely compensation income or business income

E. If this a business income, are you sole proprietorship, partnership or corporation type of business

Answer 3

Your in a high tax bracket so I would say at least 33%  I may be wrong but off the top of my head you owe about 5, 000 a month or so.