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Do you have to pay tax on money earned by providing a service?
Wiki User
∙ 14y ago
Yes I am afraid so.It does not matter how you make income you have to pay tax on it.
Wiki User
∙ 14y ago
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Nature and purpose of business?
The purpose of businesses is to make money. Businesses make money by providing products and services for their customers. The more customers value these products or service, the more they will pay for them.
Is the total money you earned if you don't subtract the deductions?
It is Gross Pay.
What is grosse pay?
The amount of money earned before deductions are taken out of a paycheck
Can you collect Medicare coinsurance in advance?
Medicare is an "80/20" plan. Medicare pays 80% of the bill and you are expected to pay 20%, unless you have a Medicare Supplement to pay the 20% for you. The 20% is your coinsurance. The coinsurance should be collected at time of service or billed to you after the service has been provided. If a provider is asking you to pay any money in advance prior to providing you a service, it may be time to seek a "second opinion."
What do the Cunningham do when they pay for a service?
They don't pay in money but in goods like firewood or food.
Can you deduct the amount of money you pay for child support from your earned income?
not for tax purposes
What do the Cunningham's do when they cannot pay for a service?
They don't pay in money but in goods like firewood or food.
What if you have no money to pay your taxes?
You are legally required to pay taxes. Taxes are only due on money you have earned therefore if you owe taxes you have had the money. If you do not pay the taxes you owe you will be sent to court and made to pay - even if you go to prison you will still owe the tax man.
How did joint stock companies provide funds for voyages?
They earned enough money to pay the peple
What was the quickest way for farmers to repay debt?
Sell their crop and pay with the money they earned from the selling.
Why is a customer is a king?
Because you work for money and your customers pay for your service.
What is net pay?
the total amount of money earned after all withholdings
