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Income Tax is a tax based on the amount of money earned.
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∙ 12y ago
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How much tax is on 105000?
The tax on 105000 depends on what tax category that amount of money is spent on. If the money is for wages earned the rate would be different than if it was the amount of money spent on a house. There would also be a different tax rate if this was a tax on a vehicle purchased.
What is the amount of money you need to make to get a W-2 Tax Form?
There is no minimum....any amount earned as an employee is subject to this reporting.
What is the earned income tax credit for tax year 2009?
The earned income credit (EIC) is a tax credit for certain people who work and have earned income under $48,279. A tax credit usually means more money in your pocket. It reduces the amount of tax you owe. The EIC may also give you a refund.Go to the IRS gov website and use the search box for Publication 596 (2009), Earned Income Credit (EIC)
Is inheritance income taxable?
money that has been inherited has already been assessed for inheritance tax based on the amount left in the deceased estate. Once you have inherited the money you are not liable for inheritance tax.
Is income tax the amount of money you made?
No.Income is the amount of money you made.Income tax is the amount of tax you have paid on your income.eg income $500 tax $50 your net income is 500-50 = $450.Income tax is $50
What is a social security tax of a singer?
The tax is based on the amount of money earned so it depends on what the person earns.
How much tax is on 105000?
The tax on 105000 depends on what tax category that amount of money is spent on. If the money is for wages earned the rate would be different than if it was the amount of money spent on a house. There would also be a different tax rate if this was a tax on a vehicle purchased.
Can you deduct the amount of money you pay for child support from your earned income?
not for tax purposes
What is the amount of money you need to make to get a W-2 Tax Form?
There is no minimum....any amount earned as an employee is subject to this reporting.
an amount of money paid to the government based on a person's earnings?
income tax
What is the earned income tax credit for tax year 2009?
The earned income credit (EIC) is a tax credit for certain people who work and have earned income under $48,279. A tax credit usually means more money in your pocket. It reduces the amount of tax you owe. The EIC may also give you a refund.Go to the IRS gov website and use the search box for Publication 596 (2009), Earned Income Credit (EIC)
Is inheritance income taxable?
money that has been inherited has already been assessed for inheritance tax based on the amount left in the deceased estate. Once you have inherited the money you are not liable for inheritance tax.
Is income tax the amount of money you made?
No.Income is the amount of money you made.Income tax is the amount of tax you have paid on your income.eg income $500 tax $50 your net income is 500-50 = $450.Income tax is $50
What is an example sentence of for the word income tax?
Citizens and corporations must pay income tax on all earned money, even if it is earned overseas.
What amount in 2018 does a persons credit increase in cents for each added dollar of income based off earned income tax credit?
Credit doesn't come from earned tax credit, but how much you owe, the amount of debt in relation to what you earn, the use of credit, and hard inquiries into your credit. Points are assigned giving you a credit score.
What happens when there is a tax reduction?
We keep more of the money we earned. When does this happen?
Does your child need to file taxes for their Social Security money?
A child who is a dependent and earns income must file a return if they earned the specified amount of money as mentioned on the income tax form.
