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what is the probable result called when the government attempts to cover large deficits by creating more money
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Who has the highest gross national income?
The USA still as the highest national income of any country in the world.
What is definition of personal income?
An individual's income.
What personal information do you need to open up a credit card?
Full name, current address, current phone number, Social Security number, employment status/info, marital status, income verification, and so forth.
Is your credit line is based on your monthly income your current debt and length of residence at your current address?
Yes, your credit line is based on your monthly income your current debt and length of residence at your current address.
What is the amount of money a person has left of his or her income after taxes called?
disposable personal income
What rate of income tax is currently in place in the US?
The United States has a progressive income tax system. The highest current rate of income tax on a personal return is 33%.
Highest Income Tax Rate in 1943 of Nevada?
Nevada did not and does not have a personal income tax
Is Federal Income Tax a current liability?
In personal tax yes. In corporate, ther is both a current and deferredportion
How To Determine What Tax Bracket You're In?
The phrase “tax bracket” becomes a buzz word around April of every year but with the presidential elections just around the corner the topic of taxes and tax brackets are two things you’re almost unable to avoid. A lot of attention gets put on what tax bracket people are in and how much they’re being taxed on certain types of income. While the subject of taxes can quickly become quite taxing on your brain figuring out the simple fact of what tax bracket you’re in isn’t.The federal tax brackets and what income level qualifies you for a specific bracket can change every year. The primary reason would be to adjust for inflation but changes in the tax code can also affect tax rates. Your personal tax bracket will vary according to your filing status as well.The best place to find your personal tax bracket is on the IRS website (www.irs.gov). They have loads of information that help you figure out not only your tax bracket but also things like what your expected tax bill would be depending on your taxable income. The IRS hasn’t yet released the tax tables for 2012 but they can be expected to be quite similar to what we saw in 2011.For those looking for a quick answer, here’s what the federal tax brackets looked like in 2011.For single filers, the 10% bracket included income up to $8,500. Income up to $34,500 lands you in the 15% bracket. The 25% bracket includes income up to $83,600. The 28% tax bracket applies to income up to $174,400. Income up to $379,150 gets taxed at the 33% rate and anything above that gets taxed at 35%.For joint filers, the 10% bracket is for income up to $17,000. Income up to $69,000 gets taxed at the 15% rate. The 25% bracket includes income up to $139,350. The 28% tax bracket applies to income up to $212,300. The 33% tax bracket applies to income up to $379,150 and anything above that gets taxed at 35%.
Which country has the highest income tax rate?
As of 2005 The highest personal income tax in any country was Belgium at almost 56% If its corporate income tax you are asking about that would be Japan with the US ranked a close second around 38%-39%
Are there ever any nice apartments that are in the low income bracket?
Yes, you can search for nice apartments that are in the low income bracket at aptfinder.org
How to culculate personal income to disposable income?
Personal Income = Disposable Income + Personal Savings
Is your federal tax bracket your average tax rate?
No the federal tax brackets would NOT be your average income tax rate on your income. Each separate federal tax bracket amount is your marginal tax rate for that amount of your taxable income that is in that bracket amount.
What is your current tax bracket for 75000?
If you filed a tax return with $75,000 income, there are several variables that would be considered before you can determine a tax bracket. If you file single, you get a standard deduction of $5350 and an exemption amount of $3400 which means that $8750 would be deducted from the $75,000 which would put your taxable income at $66,250. This would put you in the 25% tax bracket. Now, if you have deductions such as mortgage interest, taxes, medical expense, etc., this could bring your taxable income down even farther. But you would have to lower your taxable income below $31,851 before you would get to the 15% tax bracket.
Does federal income tax bracket include Social security Medicare deductions?
SS contributions are not a deduction from taxable income. The tax bracket schedule is on taxable income, that is after all inclusions and exemptions/deductions.
What tax bracket would a married couple no dependents with annual income of $100,000 be in ?
What tax bracket would a married couple with one dependent and an annual income of $150,000 be in?
What income bracket is most likely to get a tax audit?
There is not one income bracket that is most likly to get a tax audit. However, logically, higher income brackets (Top 40%) would have more assets to be audited.
