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    junctionjam's Avatar
    junctionjam Posts: 11, Reputation: 1
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    #1

    Feb 26, 2009, 06:19 PM
    TAXES applicable on CPT students
    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
    junctionjam's Avatar
    junctionjam Posts: 11, Reputation: 1
    New Member
     
    #2

    Mar 2, 2009, 12:47 PM

    Please help!!
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
     
    #3

    Mar 2, 2009, 07:16 PM

    If your income for the year is $2500, you are not required to file tax return. You will file only Form 8843.
    You can file to get refund of taxes withheld.
    junctionjam's Avatar
    junctionjam Posts: 11, Reputation: 1
    New Member
     
    #4

    Mar 3, 2009, 09:53 AM
    2500$ is bi-weekly...

    Then how would the taxes apply??

    Help ASAP...
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
     
    #5

    Mar 3, 2009, 10:22 AM

    Check this link for current withholding tables:
    http://www.irs.gov/pub/irs-pdf/n1036.pdf

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