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Paula prepared the following budget. What percent of her expenses is spent on housing and entertainment?
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∙ 7y ago
26%
Dawson Beatty
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The Thompsons have prepared the following budget What percent of their expenses is spent on housing and entertainment?
26.0
Once all unnecessary expenses have been removed from your budget what can you do if your expenses still exceed your income?
Work overtime or get another job.
How does one qualify for an offer in compromise with the IRS?
To qualify to FILE an offer in compromise, you must meet the following requirements:1. You must have filed all required tax returns.2. You must be current with your tax payment requirements (meaning that you must be withholding properly from your paycheck or making your estimated tax payments on time or in full.If you meet these requirements, you are eligible to filean Offer in Compromise.Whether or not you will have one accepted is a different story. The acceptance of an Offer in Compromise is based on "reasonable collection potential". Simply put, you must convince the IRS that the amount that you are offering is as much or more than they can ever hope to collect from you. You must convince them that you have no possibility of paying your tax debt off.This is accomplished through an analysis of Income vs. Expenses on a monthly basis, and an analysis of your assets.The formula for "reasonable collection potential" is:Monthly Disposable Income (i.e. Income minus necessarymonthly expenses) + Equity in Assets.If the sum of 48 months of disposable income and your equity in assets exceeds the amount that you owe in taxes, you may have an offer accepted.It should be noted that the IRS only takes into consideration your necessary monthly expenses. Certain expenses are limited (i.e. they have maximums that you can spend on housing, car payments, and vehicle fuel/maintenance). These maximums must be taken into consideration when you consider whether or not an offer could be accepted.
What is business income and extra expense about?
Business Income replaces your lost business income in the event of a covered loss. In regards to an apartment building insurance for example, if there is a fire and the tenants have to move out while the contruction is being completed, you will be compensated for your loss of business income. The extra expense can be used to place your tenants in temporary housing, and may include moving expenses. Check out my website for more details!
Can you deduct BAH on taxes?
If by BAH you mean Basic Allowance for Housing. The answer is no. This is nontaxable income the military gives you to pay for housing. This money should never even get factored into your adjusted gross income though.
The Thompsons have prepared the following budget What percent of their expenses is spent on housing and entertainment?
26.0
What percent of her expenses is spent on housing and entertainment housing is 300.00 and entertainment is 68.00?
The entertainment is 23% of your housing cost.
What percent of her expenses is spent on housing and entertainment house is 300.00 and entertainment is 68.00?
The entertainment is 23% of your housing cost.
Which of the following should be budgeted for first A Food Clothes Entertainment B Housing Utilities Food C Housing Clothes Entertainment D Housing Cable TV Utilities?
When planning a budget for home finances, it is important to budget the most important basic necessities as the highest priority. Housing, utilities, and food should be labeled as the most important things to budget money for first.
need food stamps,housing moving expenses.?
requeire assistanfecenfed for food samps and moving expenses.
What percentage of the Reed's expenses is spent on housing and food?
43%
What is the living expenses for a single mother for one month?
Living expenses will depend on where you live and your type of housing. Generally, though, single mothers will have the cost of food, transportation, housing or rental costs, and utilities.
When you are living on you own what are two major expenses you are likely to pay for yourself?
housing and medical
When you are living on your own what are two major expenses you are likely to pay for yourself?
housing and medical
What are the land uses in Monaco?
Land in Monaco is used for housing, entertainment and roads.
Does medicare pay for assisted living?
No. Housing expenses are not covered by medicare.
What is the budget of Philadelphia Housing Authority?
As of 2021, the Philadelphia Housing Authority had a budget of approximately $400 million. This budget includes funding for affordable housing programs, maintenance of existing housing units, and administrative expenses.
