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sales taxes
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∙ 11y ago
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Do you have to file taxes if you are over 80?
Income taxes are not witheld based on age. It is based on Earned income.
What is the minimum amount for filing taxes over 65?
what is the minimum amount of income that is required to file Alabama state income tax if I am over 65
Does age matter when filing income taxes?
No...except that over 65 get a double deduction.
Would your retired parents pay taxes on income less than 32000 for 2008?
Assuming they were both over 65, filed jointly, and took the standard deduction, they would most likely owe federal taxes if their joint income was over $20,000. There are situations where they could owe taxes even if their income was lower, for example, if some of their income was from self-employment or they had not taken the Required Minimum Distribution (RMD) on their traditional IRA or 401k. And many states have even lower thresholds for state income taxes.
A chart of the organization's net income after taxes over the past five years is an example of?
information technology
An excess of income taxes expense over income taxes payable for a period is associated with?
a credit to deferred income taxes payable
Do you have to file taxes if you are over 80?
Income taxes are not witheld based on age. It is based on Earned income.
Would a push to reduce corporate taxes most likely be a liberal or conservative cause?
In today's environment both Liberals and Conservatives in Congress are looking to lower corporate tax rates. Both Liberals and Conservatives favor a simplified tax code that removes "special breaks" and "loopholes" that were put in the tax code passed by Congress over the years. That said, corporate taxes are part of the tax code and should be "fair." On the question of whether fairness includes higher overall taxes or lower overall taxes in respect to a new code Conservatives are more likely to be in favor of lower taxes and Liberals more likely to be in favor of higher taxes. For example, a corporate tax rate of 30% prior to closing loopholes and special breaks might be changed to 10% from the Conservative point of view and might be changed to 20% from the Liberal point of view. Both choices are lower than the original 30% but the Liberals want to pay for government and the Conservatives of today have been co-opted by the starve government folks who would take taxes below what was necessary to keep government providing services.
What age are you exempt from filing Income Tax?
You are not exempt from filing for Income taxes based on age. You are exempt from filing taxes based on the income you receive. If your income is over a certain amount you must file.
A measure imposed by a government to favor domestic products over foreign products not involving taxes is what?
No
What is take home pay also referred to as?
Net income. (income left over after taxes, etc. are taken out)
What is the minimum amount for filing taxes over 65?
what is the minimum amount of income that is required to file Alabama state income tax if I am over 65
Does someone under the age of eighteen and working have to pay to taxes?
Sure they would be required to file a 1040 federal income tax return and pay any income taxes that may be due. Under 950 of unearned income (did not work for income) would be required to file a 1040 federal income tax return and pay some income taxes on the amount over 950 of UNEARNED income.
What was the response of the conservatives to the counterculture?
It rebels posed a danger to traditional values, decadent values, abandoned rational thought in favor of senses and uninhibited self-expression, students took over college campuses When you are in power (Conservatives) a revolution threatens your way of life.
Does age matter when filing income taxes?
No...except that over 65 get a double deduction.
Would your retired parents pay taxes on income less than 32000 for 2008?
Assuming they were both over 65, filed jointly, and took the standard deduction, they would most likely owe federal taxes if their joint income was over $20,000. There are situations where they could owe taxes even if their income was lower, for example, if some of their income was from self-employment or they had not taken the Required Minimum Distribution (RMD) on their traditional IRA or 401k. And many states have even lower thresholds for state income taxes.
What is the minimum yearly income on which you have to file taxes in Oklahoma?
You have to have gross wages over $3,000.00 annually
