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Which of the following is not deducted from an employee's payroll?
Property taxes
What does net of taxes mean?
It simply means what's left after tax is deducted from an amount. Net of tax = Gross Amount - Tax
What does less tax mean?
It means the salary BEFORE the taxes are deducted
Examples of direct tax?
Gift Tax , Wealth Tax and Income Tax.wid rgrds,Mahesha DSANKHYE ACCOUNTING SOLUTIONS PVT LTDPh no: +91 9964339964("Never call an accountant a credit to his profession; a good accountant is a debit to his profession")
When was TDS introduced as a tax?
TDS IS TAX DEDUCTED AT SOURCE under certain circumstances it is required that taxes be deducted by the payer of the funds and has been done for a long time at some business operations.
Which of the following is not deducted from an employee's payroll?
Property taxes
How to get a small business tax refund when no taxes were taken out?
You can't get a tax refund if no taxes were deducted for the year in question.
What does net of taxes mean?
It simply means what's left after tax is deducted from an amount. Net of tax = Gross Amount - Tax
What does withholding tax mean?
Taxes that are taken out of your pay before you get it. These typically include income taxes, social security taxes and Medicare taxes.
Which of the following does not increase the price of certain goods a property tax B excise tax C tariff D sales tax?
property taxes
What does less tax mean?
It means the salary BEFORE the taxes are deducted
Examples of direct tax?
Gift Tax , Wealth Tax and Income Tax.wid rgrds,Mahesha DSANKHYE ACCOUNTING SOLUTIONS PVT LTDPh no: +91 9964339964("Never call an accountant a credit to his profession; a good accountant is a debit to his profession")
Is real estate tax property tax?
Yes real estate taxes are also referred to as property taxes.
what are property taxes?
Property Taxes are taxes paid on property owned. In the state of Oregon Property taxes pay for schools and many other public services. The tax is based on an apraised value of the property. Oregon has a high property tax rate but are still one of the few states without a sales tax.
When was TDS introduced as a tax?
TDS IS TAX DEDUCTED AT SOURCE under certain circumstances it is required that taxes be deducted by the payer of the funds and has been done for a long time at some business operations.
Can property taxes paid 2007 for 2006 be deducted for 2006 taxes?
No. In the U.S., individual taxpayers are generally considered "cash basis" -- that is, we claim income the year in which we receive it, and expenses the year in which we pay them. So, property taxes paid during 2007 for any year are deductible only on a 2007 income tax return.
What do you mean by direct tax and indirect tax give suitable examples also?
A direct tax is tax paid directly to the Government, by a person whom the tax is imposed on. An indirect tax is paid indirectly to the Government, trough a third party.A direct tax would be taxes like income taxes, where a person must personally pay a certain amount to the government. Indirect taxes are taxes such as property, social security, and sales tax, where there price of tax is either deducted from wages or added onto the payment of an item. The indirect taxes are paid the Government by the business that collects the tax.
