6311,20
your lumps sum lottery winning are subjected to upwards of 40 percent lottery windfall tax then again at the end of the year for earned income
6000
it creates a balance
If taxes of current period then it will shown in profit and loss account, if taxes are still payable then it will be shown in balance sheet under current liabilities section.
Under the liabilities section of the balance sheet?
Unfortuneatly, the olympians from the USA do have to pay taxes on the winnings from the medals awarded.
That depends on where in the world you are talking about.
The balance
Well maybe if they come up with a new tecnoligy to do that then ya y not my so far no.sorry.
IF they have a JUDGEMENT for the balance due, they can garnishee your wages. Income taxes?? NO
It is ordinary income and the amount of tax you will eventually pay, if any, is entirely dependent on your own personal tax situation, amount of deductions, other income, etc., etc.
What is percentage of federal taxes in texas?