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What conclusion can you draw from the following two statements If you have a job then you have an income If you have an income then you must pay taxes?
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∙ 11y ago
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Do you get taxed if you only work 16 hours per week?
It depends on which tax you are talking about. There may be city income taxes, state income taxes, and federal income taxes, plus a tax for Medicare and a tax for Social Security. The Medicare and Social Security taxes are always taken from any amount of income. City, State and Federal income taxes have different rules. You have to look up those rules. For instance, some full time students don't have to pay federal income tax. Most tax rules have rules about how much you can earn before you get taxed.
A regressive tax means that a larger percentage of taxable income is taken in taxes and taxable income decreases?
false
When you change the number 29 to 30 you are?
Increasing it, or Cheating on your income taxes
What's 30 percent of gross income of 39000?
after taxes you would be making like 27,300 a year.
If 30 cents out of every 1 dollar goes to taxes and the rest is net income what is the ratio of?
3:7
Which of these statements abut state income taxes is false?
All states have state income taxes.
Which of the following statements about taxes is false?
Taxes are collected at the local, state and federal level
Which of the following statements best explains the effects of transfer payments and taxes on aggregate spending?
Transfer payments and taxes affect aggregate spending indirectly by first changing disposable income and thereby changing consumption.
List and describe four sources of state government revenue?
US State sources of income can be the following four types: 1. State income taxes; 2. Income from sales taxes; 3. Income from real estate taxes; and 4. Inheritance taxes.
When are taxes do?
Federal income taxes are due April 15 of the following year.Most state income taxes are due the same day, but check with your state.Other taxes such as property taxes, estimated taxes, sales taxes, etc. each have their own due date.
Which is typically answered with the income statement?
Income statements will show gross wages, Federal, State, Local withholding taxes, FICA tax and net pay.
What of the following is an example of a tax collected by the state of Georgia?
individual income taxes
Which among the following taxes does not increase the price of commodity for buyers?
Income tax
When are my income taxes due?
In the United States income taxes are due on April 15th. In the case that this date falls on a weekend or perhaps a statutory holiday, then the due date for your taxes would be the following business day.
If you claim your sixteenyear old on your taxes can she file exempt on her part time job?
There is no exemption from income taxes because of age. Being claimed as a dependent does not make your child exempt from taxes. Regardless of age or dependent status, if your child has sufficient income she must file her own tax return.To claim "exempt" on her W-4 at work, BOTH of the following statements must be true:1) She owed no taxes last year. All taxes that were withheld (if any) were refunded.2) She reasonably expects to owe no taxes this year.
What taxes are higher corporate or income taxes?
income taxes
What is the difference between income taxes and state taxes?
Income taxes are taxes paid based on the amount of your wages and other forms of income, including but not limited to investment income, pensions, interest and dividend income, business income, rental income, etc. Income taxes are assessed by and paid to the federal government and, depending on where you live, also state and local governments. State taxes can come in many forms, including not only income taxes, but also property taxes, sales taxes, use taxes, excise taxes, business taxes, etc.
