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Do welfare recipients have to pay income taxes on payment received?
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∙ 11y ago
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What does accrued income mean?
Accrued Income is an income already incurred but no payment is received yet.
Should welfare recipients file a tax return?
If the welfare recipient has income that exceeds the mandatory filing threshold, has had taxes withheld from salary or other payments, or qualifies for a refundable credit such as EIC, then yes. A recipient who worked part of the year and then received benefits for the other part of the year or who earned a little bit but not enough to totally disqualify themselves from welfare may need to file. A recipient who is hiding income from the welfare department nonetheless is required to file and pay taxes on the income if it exceeds the mandatory filing threshold.
Will the federal income rebates of 2008 be taxable on your 2009 federal income tax?
Yes. No. The IRS, in Notice No. CP 1378, "Understanding Your Economic Stimulus Payment", mailed to recipients of the tax rebates, states "You will not be required to report the amount of your stimulus payment as taxable income on your 2008 federal income tax return." See also: http://www.factcheck.org/askfactcheck/is_the_economic_stimulus_payment_taxable.html
What is the journal entry for indemnity payment received?
debit cash / bankcredit indemnity income etc
What is the journal entry when payment is received for rent?
Rent Received Account Dr To Cash/ Bank
What was the health insurance for welfare recipients?
People who collect welfare may be, based upon their income, also eligible for Medicaid. Medicaid is a joint federal/state healthcare program for the poor and is a type of welfare.
Should welfare recipients file a tax return?
If the welfare recipient has income that exceeds the mandatory filing threshold, has had taxes withheld from salary or other payments, or qualifies for a refundable credit such as EIC, then yes. A recipient who worked part of the year and then received benefits for the other part of the year or who earned a little bit but not enough to totally disqualify themselves from welfare may need to file. A recipient who is hiding income from the welfare department nonetheless is required to file and pay taxes on the income if it exceeds the mandatory filing threshold.
What does accrued income mean?
Accrued Income is an income already incurred but no payment is received yet.
What are the source of income in Australia?
Centrelink payment, government welfare, wages/salary, investments held
What has the author V Joseph Hotz written?
V. Joseph Hotz has written: 'Examining the effect of the earned income tax credit on the labor market participation of families on welfare' -- subject(s): Earned income tax credit, Employment, Welfare recipients
What has the author Marc Gurgand written?
Marc Gurgand has written: 'Does work pay in France? monetary incentives and the guaranteed minimum income' -- subject(s): Guaranteed annual income, Welfare recipients
What are the main sources of income in Australia?
Centrelink payment, government welfare, wages/salary, investments held
What has the author Mary Fish written?
Mary Fish has written: 'Income inequality and employment' -- subject(s): Discrimination in employment, Employment, Income distribution, Manpower policy, Poor, Poverty, Welfare recipients
What kind of person uses food stamps?
People who need assistance with being able to afford food. People with little or no income. Contrary to popular belief, all "types" of people are on food stamps. In fact, a majority of welfare recipients in America are white. And, most welfare recipients are only on welfare until they get their feet on the ground again. Food stamps are there to assist the poor, not stigmatize them.
What is money received?
Money received can be income, payment for services rendered, credit towards a debt, etc.
What has the author Wayne Lee Hoffman written?
Wayne Lee. Hoffman has written: 'Work incentives and implicit tax rates in the Carter welfare reform plan, with a comparison to current policy' -- subject(s): Taxation, Welfare recipients 'The earned income tax credit, welfare reform or tax relief?' -- subject(s): Earned income tax credit
What has the author Martina Shea written?
Martina Shea has written: 'Characteristics of recipients and the dynamics of program participation, 1987-1988' -- subject(s): Economic aspects, Economic aspects of Households, Households, Income distribution, Public welfare, Statistics, Welfare recipients 'Dynamics of economic well-being' -- subject(s): Domestic Economic assistance, Economic assistance, Domestic, Poor, Poverty, Public welfare, Statistics
