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Do you enter the occupation that you earned a majority of the last year's income from or the last occupation that you had for the tax year?

There's no hard and fast rule. You can enter the one you earned the majority of your income from or you can enter something like: accountant/janitor -or- bikini model/nuclear physicist Or you can try to find a generic term that fits both jobs. If you were a singer and a dancer, use "entertainer." If you were a chef and a waiter, use "food service."


Do you enter your current occupation or the occupation that you earned the previous year's income from when filling out the occupation field on the 1040EZ?

Occupation for earnings being reported


How do you enter the double entry for interest receivable?

To enter the double entry for interest receivable, you would debit the Interest Receivable account to recognize the income that is owed to you but not yet received. Simultaneously, you would credit the Interest Income account to reflect the earned revenue on your income statement. This ensures that both the asset and income are accurately recorded in the accounting system.


If a 14 year old child works babysitting afterschool and is paid cash 1500 or less per year does he have to file taxes does his parent have to claim his income on their taxes?

A child that has only earned income of less than $5350 for 2008 does not have a filing requirement nor do you have to report his or her income on your tax return and you can still claim him or her as a dependant. If, however, your child has other sources of "unearned" income (such as interest on a savings account, dividends, etc.) then the child may have a filing requirement. To figure out if the child with earned and unearned income has a filing requirement follow these steps: # Add $300 to the child's earned income. _______ # Minimum amount. _$850__ # Compare both amounts and enter the larger amount. _______ # Maximum Amount. _$5350_ # Compare lines 3 and 4 and enter the smaller amount. _______ # Enter the child's combined income (earned & unearned)_______ # If line 6 is more than 5 then there is a filing requirement. Hope this helps. www.irs101.blogspot.com


Why and how business enter and survive in foreign market?

Why and how business enter to survive in foreign market


How much federal income tax should be paid?

You will know NOT know the correct amounts until you complete your 1040 federal income tax return correctly. your filing status, your age and how you made your gross amount of all worldwide income amount and all of your information that is required for you to enter it correctly on each line of your 1040 income tax return and this will all be a part of the necessary information that you know and will have to enter on your income tax return correctly to arrive at the correct answer of how much you might possible get back as a REFUND AMOUNT. If it is qualifying earned income and you are not a dependent on another taxpayer's income tax you return. IF you meet the qualifications for the earned income tax credit and the making work pay tax credit for the tax year 2009 you WILL NOT KNOW the amounts until you have completed your 1040 federal income tax return correctly.


How do you calculate the net income in excel?

Net Income = Gross Income - ExpensesIn cell A1, enter Gross Income.In cell B1, enter Expenses.In cell C1, enter the formula =A1-B1Observe the number in cell C1; that's your Net Income.


If you are single and only made 20.000 this year will you get any taxes back?

You will know NOT know the correct amounts until you complete your 1040 federal income tax return correctly. your filing status, your age and how you made your gross amount of all worldwide income amount and all of your information that is required for you to enter it correctly on each line of your 1040 income tax return and this will all be a part of the necessary information that you know and will have to enter on your income tax return correctly to arrive at the correct answer of how much you might possible get back as a REFUND AMOUNT. If it is qualifying earned income and you are not a dependent on another taxpayer's income tax you return. IF you meet the qualifications for the earned income tax credit and the making work pay tax credit for the tax year 2009 you WILL NOT KNOW the amounts until you have completed your 1040 federal income tax return correctly.


What forms in the bloodstream when foreign substances enter it?

An embolus will form in the bloodstream when a foreign substance enters.


Your tax return for 2008 is incorrect your accountant did not enter wages earned are they responsible for the amount owed?

You were responsible for making sure that all of your gross worldwide income was reported on the 1040 tax form before you signed it saying that it was correct. If you gave the accountant the information about the earned wages and they were not reported on your income tax return you should have caught the error before you signed the tax return saying that it was correct. Did your accountant also sign your income tax return saying that it was correct.


'how did thyssenkrupp elevator enter foreign markets'?

by farting


How much cash you enter to Argentina?

It depends on where you are brining the cash from, how you earned it and how you are going to spend it. If walmart got a billion dollars to open a new store they will have no problems but if I try the same, I have to show proof of legitimate income and purpose