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If your parent dies and they have Employee benefitsinsurance do you have to pay taxes on that money?
Wiki User
∙ 16y ago
Sorry for your loss.
Your question is little off terms...many things and many different types of insurance may be called employee benefits.
Baring special situations, virtually always: any payment of life insurance made is not taxable income tot he recipient.
Wiki User
∙ 16y ago
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Do you have to pay inherit taxes on money willed to you in NC?
If you inherit money willed to you in the state of North Carolina, you must pay taxes on the money. Inheritance taxes are more than regular employee taxes.
Is money inherited from a parent's estate taxable?
No, inheritances are not subject to federal income taxes.
Can a parent use their minor child's tax return to pay the parent's taxes?
If you mean can they use the child's tax REFUND to pay their taxes, sure. Money is money. If you mean do they have the right to take the child's money and use it on themselves, that's trickier. You'd have to look at the laws regarding the rights of minors in your state.
What is gross emolument Is it the same as gross salary?
Gross Emoluments is not the same as Gross salary. Gross salary refers to the money the employee receives. Gross emoluments is the gross sum of all money the company spends on the employee, including training and taxes.
What is gross pay to date?
Gross pay to date is the amount of money an employee has earned, up to a certain date, before taxes are taken out. After taxes are taken out it is called net pay.
Do US government workers pay taxes?
Yes. I am a federal government employee and I pay the same taxes that a private industry employee pays.
Which payroll taxes are the employee's responsibility?
FICA tax, Futa and Suta taxes
What taxes would be deducted in determining an employee's net pay?
FICA taxes
What is economic reality test?
The economic Reality Test is a test used by courts to further determine between an employee and an independent contractor. They use this mainly to determine if payroll taxes should have been paid on a person working for a business. If the contractor end up being classified as an employee, the business owes payroll taxes on the money paid to that person. If the person is determined to be an independent contractor, then the person owes income taxes on the money paid to them.
What happens when a company don't take the right amount of taxes out of your check and in so you owe the federal money?
Ultimately the employee is responsible for setting and monitoring the amount of taxes taken out of a check. Whether the taxes were taken out over the whole year or not, you still owe the government the same amount of money come tax time.
Where does the money go when a noncustodial parents taxes are intercepted for child support?
Either to the custodial parent as the obligee, or to the State as reimbursement for public assistance.
Have no money how do I file my taxes?
have no money how can i file my taxes
