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1st American Business &

Tax Services, LLC

 

 

 

 


 

 

 

Tax Calculators

1040 Tax Calculator
 

Calculate your tax owed or refund.

Enter the filing status, income, deductions and credits to estimate your total taxes for 2007. Based on the projected withholdings for the year, you can also estimate the tax refund or amount owed the IRS. This calculator uses the preliminary 2007 tax tables, subject to modifications by the IRS and changes in the tax code. Hourly

Paycheck Calculator
 

Calculate your take-home pay

Use this hourly paycheck calculator to help determine your paycheck for hourly wages. First, enter your current payroll information and deductions. Then enter the hours you expect to work and how much you are paid. Enter regular, overtime and one additional hourly rate. This hourly paycheck calculator has been updated to use the new withholding schedules for 2008.

What Is Your Tax Bracket?
 

Find your average and marginal tax rates

Knowing your income tax rate can help you calculate your tax liability for unexpected income, retirement planning or investment income. Remember, your tax rate increases the higher your income goes. A simple taxpayer, for example, would pay 10% on the first $7,825 and and 15% on the next $24,025 (see table). This calculator helps you estimate your average tax rate, your current tax bracket and your marginal tax rate for the 2007 tax year. The marginal rate is the higher published rate at which your last dollar earned is taxed.

Payroll Deductions
 

Calculate how deductions change take-home pay

Use this payroll deductions calculator to help determine the impact of changing payroll deductions. Enter the current payroll information and deductions, and then compare them to your proposed deductions. Try changing the withholdings, filing status or retirement savings and let the payroll deductions calculator show the impact on take home pay. This payroll deductions calculator has been updated to use the new withholding schedules for 2008.

Net to Gross Paycheck Calculator

Calculate the gross pay you require

This gross-to-net paycheck calculator helps determine the gross paycheck needed to provide a required net amount. First, enter the net paycheck you require. Then enter the current payroll information and deductions. The calculator will provide the gross pay amount required to achieve the net paycheck. This gross-to-net paycheck calculator has been updated to use the new withholding schedules for 2008.

 

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Last modified: 12/14/08