Ask Experts Questions for FREE Help!
 

Free Answers in 3 Easy Steps

Register Now
3 Steps
 


Ask QuestionsprogressAnswer QuestionsprogressBuild ReputationprogressBecome an Expert
 
At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to:
  • Get free answers from experts in any of our 300+ topics.
  • Accept money for answers that you provide.
  • Communicate privately with other members (PM).
  • See fewer ads.
  Answer this Question    Ask about Taxes    Ask about another Subject  
 

nl100
Oct 31, 2007, 04:57 AM
Hi,
May I know the different components of tax (both federal and state) a H1B worker in the US need to pay? I know there will be some differences of percentages depending on the total income range and the state and also on number of dependents etc.

Assuming an H1B worker is single and has no dependents, works full year and his total billing is say 120000 dollar per year, may I know the different components and their min-max range (depending on state)

Which components are paid by the employer and which by the employee?

Thanks in advance for the help.

AtlantaTaxExpert
Oct 31, 2007, 11:57 AM
Actually, the tax tables are the SAME for a resident and non-resident alien.

The major differences are whether or not you can claim the standard deduction (this is often offset by the fact that you CAN itemize and also claim a treaty exemption as a non-resident alien) and whether you can claim certain credits or deductions.

Your federal tax liability on $120,000 will be about $26,000.

You are also liable for 1.45% of $120K for Medicare and 6.2% of $97,400.

There will also be some state tax liabilities, unless you are residing in one of seven states that have no state income tax.