Latest news from Suamico, WI collected exclusively by city-data.com from local newspapers, TV, and radio stations. Ancestries: German (33.3%), Polish (13.5%), Irish (8.0%), Dutch (4.4%), French (3.8%), Norwegian (3.4%).
Income Thresholds. The Internal Revenue Service sets minimum income levels each year for taxpayers, and you must file a return if your gross income exceeds the threshold that applies to you. As of 2012 the threshold for taxpayers under 65 filing as single was $9,750.
For 2016, Jimâs household income is $40,000 and his filing threshold is $10,350. 1  To determine his payment using the income formula, subtract $10,350 (filing threshold) from $40,000 (2016 household income). The result is $29,650. 2  Jimâs flat dollar amount is $695.