You know, don't push the button, don't push the button, don't push the button, and then some socko finish. I was pleasantly surprised by how the book bobs and weaves and is a lot more active and entertaining that just that. MILD SPOILER, so don't tell your four year old.
The late payment penalty applies to any portion of your federal tax that remains unpaid as of the due date, typically the tax filing date. The IRS imposes a failure-to-pay penalty of one half of one percent for each month or part of a month that the tax goes unpaid.
You are in the 25% tax bracket if you are single. The $5,701 is the federal tax you will owe and should be withholding for. Your withholdings are subtracted from the tax liability to see if you overpaid (refund) or underpaid (tax owed) for the year.$5,701 is also the 2006 tax.You will likely pay slightly more in 2007, but we need to see what the President and Congress passes.our withholdings are subtracted from the tax liability to see if you overpaid (refund) or underpaid (tax owed) for the year. $5,701 is also the 2006 tax. You will likely pay slightly more in 2007, but we need to see what the President and Congress passes.