Calculate federal income tax that needs to be paid to the IRS by using a 1040, 1040A or 1040EZ form, finding your taxable income in the table, choosing a tax status and locating the amount of taxes that are owed. Find out how much to pay in taxes each years with help from a tax consultant in this free video on taxes.
Writer Bio
Ken Lewellyn is co-founder of Tennessee Business Service, Inc., a Tennessee bookkeeping and tax firm which provides bookkeeping, tax and business advisory services to corporations, small businesses and individuals throughout middle Tennessee.