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If a deceased paid no business or personal taxes will that come up in probate?
In most cases that will be a responsibility of the estate. The executor is supposed to file taxes for the deceased and the estate.
How do employers compute fica taxes for the pay period for 6200.00?
Gross earning that would be subject to FICA 6200 multiplied by 15.3%. That total dollar amount is then divided by 2 and 1/2 of that amount will be withheld from your gross earnings the other 1/2 amount will be paid by your employer to come up with the total 15.3% amount that will be remitted to the the SSA for your social security benefits amount. Each pays 7.65 % of the 15.3 % amount of 948.60. Each would be subject to 474.30 of FICA taxes.
If named as a beneficiary along with a dollar amount on a small estate affidavit where or who does the distribution come from?
AnswerI am not an attorney, but I recently visited one and was told that if they are responsible for handling all my business after I passed, they would charge a percent of what I'm leaving for their fees and then they will distribute the rest to the beneficiaries that I have listed.The person who has been appointed executor or executrix of the estate is responsible for distribution of any remaining assets after all debts and taxes of the deceased have been satisfied according to state probate law.
Does the amount come before the USD?
"USD," written instead of the conventional Dollar Sign ($), is usually written before the amount.
Does USD come before or after the amount?
"USD," written instead of the conventional Dollar Sign ($), is usually written before the amount.
A home was willed and left to you and 2 other beneficiaries and needs to be appraised to determine inheritance taxes who by NJ law is required to perform this appraisal?
The executor of the estate assumes all responsibilities associated with the estate. Of course, the payment for the appraisal will come out of estate assets.
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.
Why was the estates general not democratic?
heigh ho, here we go again.First Estate the Clergy - Bishops and Priests. between 5 and 10 percent of the population. Generally exempt from taxes, and entitled to collect a few taxes of their own.second Estate, the Nobility, about 10 percent of the population. Exempt from certain taxes, and to a limited extent beneficiaries of taxes and privileges themselves.Third Estate, everybody else. Over 80 percent of the population, paid all the taxes, no privileges at all.Voting was by ESTATE, not by head. One Estate, one vote. So the first two (less than 20 percent) could always outvote the Third (80%).democratic? I don't think so. Especially, come to think of it, as women had no vote, so we ought to halve those percentages!
What would an 1897 british 20 dollar coin amount to in US currency?
There is no such thing as a British 20 dollar coin. If you have a 20 dollar coin it must come from some other country (or even British colony)
Which figure on your last paystub goes on your w-2 form the gross ytd or net ytd earnings?
Your gross YTD goes on your w-2. This gross amount is before taxes, and the net is after taxes. The government is concerned with what you made prior to taxes. Your net is what you take home after your taxes come out.
What does the executor need to start settling the estate?
A complete inventory of the estate. Valuation of the inventory. Complete listing of claims against the estate. If the estate is clearly larger than the claims against it, there is no issue with resolving the claims as they come forward. However, if there is not enough to resolve all debts, the estate has to present a plan to the court showing how much each of the debtor's is to receive, usually some number of cents on the dollar.
What is the difference between income taxes and state taxes?
Income taxes are taxes paid based on the amount of your wages and other forms of income, including but not limited to investment income, pensions, interest and dividend income, business income, rental income, etc. Income taxes are assessed by and paid to the federal government and, depending on where you live, also state and local governments. State taxes can come in many forms, including not only income taxes, but also property taxes, sales taxes, use taxes, excise taxes, business taxes, etc.
