junctionjam
Feb 26, 2009, 06:19 PM
Hello Experts,
Please answer the follwing I'm really confused!!
1) What is % of TAX applicable on CPT students.
I heard its 14% is this correct?
if so 14% is applicable on federal tax and state tax individually or 14% on the salary.
suppose
if salary is 2500$
14% on 2500= 350$
does this 350$ include Federal Tax + California State Tax
or
does this 350$ is just Federal Tax and later the state tax is added to it.
suppose California state tax is 100$ then the total taxes become 350 + 100$??
Please suggest the exact Taxeble rates.
2) What is the California State Tax applicable on 2500$ on student(INDIAN) with CPT ,F1-VISA status.
3)What is the Federal Tax amount on 2500$?
Please Reply
Thanks
Please answer the follwing I'm really confused!!
1) What is % of TAX applicable on CPT students.
I heard its 14% is this correct?
if so 14% is applicable on federal tax and state tax individually or 14% on the salary.
suppose
if salary is 2500$
14% on 2500= 350$
does this 350$ include Federal Tax + California State Tax
or
does this 350$ is just Federal Tax and later the state tax is added to it.
suppose California state tax is 100$ then the total taxes become 350 + 100$??
Please suggest the exact Taxeble rates.
2) What is the California State Tax applicable on 2500$ on student(INDIAN) with CPT ,F1-VISA status.
3)What is the Federal Tax amount on 2500$?
Please Reply
Thanks