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Unemployment Check

Elvis P. said:
I guess i will just tax it now so i dont have to owe more at the end of the year. I dont know why Ca is so low...i wish i got 497.00 a week. Unemployment sucks....thanks for the responces

It's so low because Gray Davis feels the need to take 12% or so for himself. I laugh at state income taxes.
 
Elvis P. said:
I guess i will just tax it now so i dont have to owe more at the end of the year. I dont know why Ca is so low...i wish i got 497.00 a week. Unemployment sucks....thanks for the responces
This would be a bad move. Elect to take the 1099 instead of having taxes taken out. Preserve your cash as much as possible. As a matter of fact, you should owe money come tax time. If you get a refund it means that you loaned the feds -- interest free! -- more than you should have. Besides, the money you receive while on unemployment is your money. Why ask them to tax it again?
 
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