How To Calculate Federal Income Taxes - Social Security & Medicare Included

  • 🎬 Video
  • ℹ️ Description

This finance video explains how to calculate the amount you owe in federal income taxes. It also explains how to calculate the amount of fica taxes or social security and medicare taxes that you need to pay if you're self-employed. In addition, it discusses how to calculate the amount of state income taxes that are due. Finally, this video discusses the impact of tax credits vs tax deductions on your tax bill. It also mentions how to calculate your effective tax rate.


💬 Comments

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Author — Fernando Cruz


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Author — X21


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Author — Pralesh Sindhuliya


This is really useful. Finance is one of those things that they don’t really teach you in high school.

Author — Kevin Norris


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Author — awesomemills123


My teacher is giving me a text on this in two weeks and idk anything. Ty for helping :)

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