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Telugu_times
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Username: Telugu_times

Post Number: 2253
Registered: 02-2008
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Posted on Wednesday, April 16, 2008 - 04:14 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

THanks for clarifying >>>>

you are welcome
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Idle_yzag
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Post Number: 1098
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Posted on Wednesday, April 16, 2008 - 04:10 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Mclovin:


nuv muy, venki okka pandi

MrHyd, I interpreted the same intially, but 38% tax too much anipinchindi, andhuke doubting... raju garu chepakka inka doubting vachindi, ilanti system emaina vunda ane

THanks for clarifying
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Mclovin
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Posted on Wednesday, April 16, 2008 - 03:57 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Idle_yzag:

then y ru not differing rajusk stmt?


Nenu raju gaari stmt soodaledu.. MrHyd seppaadu soodu.. Mee vijaak vaallaki dimaak undadi.. maa Hyd vaallu seppedi inaalsinde.. adi matteru..
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Mrhyderabad
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Posted on Wednesday, April 16, 2008 - 03:54 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Rajusk:

Bonus Tax percentage is always higher than regular income tax




100% wrong.

Bonus pay out appudu they WITH HOLD tax at higher percentage rate. BUT at the year end when you file tax, your bonus will be added to your total annual income and then appropriate tax bracket will be applied.

You don't have to claim it back exclusively. You will get it back automatically if your regular pay check with holding is at correct rate.
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Idle_yzag
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Post Number: 1097
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Posted on Wednesday, April 16, 2008 - 02:49 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Mclovin:


then y ru not differing rajusk stmt?

thanks annai
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Telugu_times
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Posted on Wednesday, April 16, 2008 - 02:48 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Wesli Snypes gaadni adigi soodu
vadu yevadu? venki fan aa? >>>>

aadoka holly actor, tax eggotindu. bokkalo esindru, 3 yrs anukunta. endhuku kattaledhuraa antay, maa accountant katta valasina avasaram ledhu ani cheppaadu ani cheppaadu
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Mclovin
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Post Number: 2790
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Posted on Wednesday, April 16, 2008 - 02:45 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Idle_yzag:


Nee kochhen naaku ardham ayyindi. Naa anser ae neeku ardham kaale.

Nee Example:

Year End ki: 150 ki entha kattaalo tax choodu. Say table pekaaram oka 40 ochhindanuko.

Nuvvu entha kattaav tax: 45.

So neeku 5 dollars ostai.

*** Okko earning meeda okko rakam gaa tax untadi. Ippudu lottery kottaavu anuko.. almost 40% kadataav. But yearend lo neeku emee raadu, ekkuva kattinav ani.. YTD entha unte, tax table lo entha unte, antha kattaali..
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Idle_yzag
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Posted on Wednesday, April 16, 2008 - 02:45 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Telugu_times:

think so

the way we calculate is, total wages, plus total federal tax paid, then look in table and calculate. I may be wrong here as usual




But rajusk radhu antunadu yendhuku ani doubting, vasthe happies
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Idle_yzag
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Post Number: 1094
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Posted on Wednesday, April 16, 2008 - 02:44 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Telugu_times:

Wesli Snypes gaadni adigi soodu


vadu yevadu? venki fan aa?
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Telugu_times
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Posted on Wednesday, April 16, 2008 - 02:43 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

yr End lo when I file tax, will I get 8$ back? >>>

i think so

the way we calculate is, total wages, plus total federal tax paid, then look in table and calculate. I may be wrong here as usual
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Telugu_times
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Posted on Wednesday, April 16, 2008 - 02:42 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

38% tax cut chesadu? can I claim this back in yr end earning? >>>

Wesli Snypes gaadni adigi soodu
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Idle_yzag
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Post Number: 1093
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Posted on Wednesday, April 16, 2008 - 02:41 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Mclovin:


Sir na question ardam ainda?

say YTD till now earnings: 100$ and tax dedcuted YTD 25$ (Assume 25% is my tax bracket)

Assume I got bonus 50$ now, but company deducted 20$(38%) as tax ((Assume 25% is my tax bracket even though I add bonus to earnings)

NOW YTD Earnings: 150$, Tax TYD: 45$

yr End lo when I file tax, will I get 8$ back?
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Mclovin
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Post Number: 2787
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Posted on Wednesday, April 16, 2008 - 02:36 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Idle_yzag:

ya kalputhunaru, In that means, do I get that extra % tax whatever it is excess deducted now


NO. Year end ki Earned Income entha unte, daanki davirect gaa table lo soosi calculate cheyyadame. No special discounts.
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Idle_yzag
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Post Number: 1091
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Posted on Wednesday, April 16, 2008 - 02:34 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Mclovin:

Nee point ardham kaaledu. Earned income lo bonus ni kooda kaluputaaru. and that will slowly add to YTD column.


ya kalputhunaru, In that means, do I get that extra % tax whatever it is excess deducted now
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Mclovin
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Post Number: 2784
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Posted on Wednesday, April 16, 2008 - 02:32 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Idle_yzag:

By end of the yr, I will be getting W2 saying you are earnings are X and taxes are Y amount and when u file for tax, u get the excess amount u paid for taxes, Isnt it?


Nee point ardham kaaledu. Earned income lo bonus ni kooda kaluputaaru. and that will slowly add to YTD column.
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Idle_yzag
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Posted on Wednesday, April 16, 2008 - 02:26 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Rajusk:

I don't think you can claim back..


In pay stub says ur YTD earnings are X amount and taxes are y amount

By end of the yr, I will be getting W2 saying you are earnings are X and taxes are Y amount and when u file for tax, u get the excess amount u paid for taxes, Isnt it?

Mclovin, nuv muy....venki okka pandi
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Rebel
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Posted on Wednesday, April 16, 2008 - 02:25 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

>>bonus itchetappudu 33% cut chesthadu..final gaa adi kooda total income kinda consider chesi, total tax calculate chesthadu

idi correct..US lo 35% cut chestadu anukunta..highest income bracket di cut chestadu..
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Movieanalyst
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Post Number: 515
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Posted on Wednesday, April 16, 2008 - 02:24 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Rajusk:

I don't think you can claim back..

Companies prefer giving bonus, because I was told that it is easier on their books when they do Accounting ..not sure how though..

Manaki matram bokka..because for the bonus component..we pay higher taxes..




mama nuvvu cheppedi US lona?

India lo ithe, ilantidi emi vundadu.. bonus itchetappudu 33% cut chesthadu..final gaa adi kooda total income kinda consider chesi, total tax calculate chesthadu
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Mclovin
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Posted on Wednesday, April 16, 2008 - 02:22 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Yjaak:

In waht way? can we claim back?


Bonus raavadam great, esp last year. Santhoshinchu..
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Rajusk
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Post Number: 179
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Posted on Wednesday, April 16, 2008 - 02:20 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Idle_yzag:

In waht way? can we claim back?


I don't think you can claim back..

Companies prefer giving bonus, because I was told that it is easier on their books when they do Accounting ..not sure how though..

Manaki matram bokka..because for the bonus component..we pay higher taxes..
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Idle_yzag
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Post Number: 1089
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Posted on Wednesday, April 16, 2008 - 02:18 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Rajusk:

Bonus Tax percentage is always higher than regular income tax


In waht way? can we claim back?
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Rebel
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Posted on Wednesday, April 16, 2008 - 02:16 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

yr end lo claim cheyochu...bonus epudu 35% cut chestadu anukunta..niku 38 ante state kuda kalipaa?
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Movieanalyst
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Posted on Wednesday, April 16, 2008 - 02:16 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Rajusk:

Bonus Tax percentage is always higher than regular income tax




US??
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Movieanalyst
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Posted on Wednesday, April 16, 2008 - 02:15 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Idle_yzag:


yes...separate tax emi vundadu... final gaa total amount entho choosi, antha cut chesthadu..but ila bonus itchetappudu 33% tax cut chesthadu ...
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Rajusk
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Post Number: 178
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Posted on Wednesday, April 16, 2008 - 02:14 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Idle_yzag:

can I claim this back in yr end earning?


Bonus Tax percentage is always higher than regular income tax
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Idle_yzag
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Post Number: 1088
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Posted on Wednesday, April 16, 2008 - 02:14 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Will that be diff compare to our regular tax % on salary?

38% tax cut chesadu? can I claim this back in yr end earning?

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