What would your taxable income be if you are a married father supporting a wife and four kids?

Let's say you make $6.15 per hour and work 60 hours a week for 50 weeks of the year. Your gross would be: 70 (60 plus 10 for overtime) times 6.15 times 50, or $21,525.00.





Also, what would your social security deductions be?What would your taxable income be if you are a married father supporting a wife and four kids?
For 2007 or 2008, his taxable income would be $0.00. His FICA/MC tax would be $1,647. The couples earned income credit would be $3,845, assuming at least two of the children are young enough. If all 4 children were 16 or younger, his child tax credit would be $4,000.





He would have a net credit of $6,198.What would your taxable income be if you are a married father supporting a wife and four kids?
fica/mc is .0765.

zits