Receiving profit sharing monies in November what will taxes be?
Have lost my job and will be receiving my profit sharing in November (sizable amount) and will need monies to survive not reinvest what kind of taxes can I expect to be taken out?
Need to buy a car with the monies since I lost the car I had when I lost my job are there any tax breaks or "hardship type of breaks"?
Put 30% aside for taxes.
Put 30% aside for taxes.
References :
the usual, and hopefully they will take out the normal taxes as they have been during your employment
References :