What are tax differences for working 2 part time jobs vs 1 full time job?
Semi retired with retirement plan income. I have a chance to work 2 part time jobs. Claiming single 0 on my W2. Will I end up having to pay taxes next year when I combine all my incomes?
Asked By: Smitty - 2/19/2008
Best Answer - Chosen by Asker
You could end up paying, since each job will take out like they are your only income, and you pay taxes based on your TOTAL income.
Answered By: Judy - 2/19/2008
Additional Answers (1)
Generally, if you work a full time job, they withhold based on the assumption that this is what your income will be. IE $2,000/mo, you will earn $24,000 for the year, and this will be your tax bracket. When you work 2 part time jobs, say earning $1,000/mo on each, they each withhold as though you are going to earn $... More
Answered By: irongrama - 2/19/2008
(89) Local Jobs Paying $19-$97 Per Hour- Available Today. Apply Now!
Find job openings in your area. Apply for open job positions today.
Over 371 New Local Jobs Hiring. Find Jobs and Apply Today!
$21/hr Start, Avg Pay $72K/yr No Experience Needed! Get Started.
Other Career Questions
What jobs are there in the business field that are night jobs? Places and job titles please. Im have a BA in Business Admin and looking for a night job, already have a morning/day job.
Enumerate these jobs Say, patent application writting. patent application writing. In a company, what jobs are needed to keep confidential?
Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.
Best-Paying Work-from-Home Jobs
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
2013 Engineering Jobs Outlook
Engineers will find job opportunities in select disciplines in 2013, with candidates who are all-around, client-oriented businesspeople in demand.
Best-Paying Jobs by Major
What could you earn with a particular four-year degree? Find out by checking out this list of the top-paying jobs for 20 of the most common majors.
Eight High-Paying, Secure Jobs
Want to earn a good salary and enjoy a measure of job security as well? Check out these well-paying jobs on tap for fast growth in the coming years.