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Can you deduct money given to your child as a gift on your Federal taxes?
yes i would deduct money to my child.
Can you deduct money you gave your sons as a gift?
Not only can you not deduct it, you might be required to pay a special "gift tax" on it.You can deduct money given to certain types of charities, but anything earmarked for a particular person cannot be deducted.
What is the difference between an expense and a drawing in accounting?
An expense is the term given to those business costs which are day to day running costs such as rent, heat and light, insurance, wages, etc - sometimes known as overheads. Expenses are deducted from gross profit in the the profit and loss account Drawings is the term given to money withdrawn from the business for the owners personal use - NOT the same as wages however, because the owner is NOT an employee of the business and they can take as much or as little in way of drawings as they wish. Drawings are deducted from the owners capital in the balance sheet
Why is budgeting important?
Budgeting is an important planning and forecasting process for a given period. It is the itemized summary of income and expense.
Is operating expense on the balance sheet?
No. Revenues and Expenses over a given period of time are shown exclusively on the Income Statement.
Who pays for employee benefits?
These compensations are given at the entire or partial expense of the employer.
Can you deduct money given to your child as a gift on your Federal taxes?
yes i would deduct money to my child.
What is the type of burial that is given to plague victims in the churchyard?
underground burial
Can you deduct money you gave your sons as a gift?
Not only can you not deduct it, you might be required to pay a special "gift tax" on it.You can deduct money given to certain types of charities, but anything earmarked for a particular person cannot be deducted.
What are the employee's significant limitations?
the significant of given limitation to employee's are for their own discipline
What can be given to a rat that had a stroke without taking it to the vet?
A proper burial
What was the name given to the burial chamber in ancient Egypt?
Tomb, or Crypt.
Where did they have Richard pryor burial?
he was cremated and ashes were given to family and friends
Why employee incentives not employee benefits?
Benefits are "given" while incentives must be "earned".
Who gave his tomb for the burial of Jesus?
It was given by Joseph of Aremaetia., it was borrowed tomb.
Why was Tutankhaman given a humble burial although a Pharaoh?
1. Tutankhaman's death was sudden. 2. A burial for the Pharaoh was not ready. 3.A burial for some senior official was being prepared & used for the Pharaoh instead.
What are the Employee's limitation?
the significant of given limitation to employee's are for their own discipline
