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Generally, If you can be claimed as a dependent on someone elses tax return - like a parent, then the limit in 2010 is 5700 for earned income (W-2) and $950 for unearned income like interest and dividends. - However, there are a number of deductions and credits that students qualify for, especially if you had taxes withheld from pay and it might benefit you to file a return and get a tax refund.
http://www.irs.gov/publications/p501/ar02.html#en_US_2010_publink1000220687
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What is income threshold?
An income threshold is the amount of earnings a person can receive before they have to start paying taxes. Each state has different amounts to this threshold.
What does negative retained earnings mean?
the net income after paying out dividends was a loss
How can a company increase equity?
- By generating GAAP earnings and not paying them as dividends - the retained earnings will increase. - By selling and increasing outstanding number of shares - the paid in capital will increase.
What has no effect on retained earnings?
A transaction that only affects asset and/or liability accounts would have no impact on Retained Earnings. Such as paying an Accounts Payable invoice or receiving payment of an Accounts Receivable.
At what income do you stop paying fica in 2010?
For 2010, the earnings maximum will remain at $106,800. The same as it was for 2009 FICA.
Who can benefit from attending a junior college?
Everyone can benefit from attending a junior college. The student can benefit by saving money and cutting back on needed student loan. Also, the person who is paying for the college benfits from a junior college.
What term refers to a state paying part of the cost of a college education for resident student?
c. subsidize
Can the cosigner of a student loan be removed from the loan if the student did not use the loan for its intended purpose And the student did not finish college and is not paying the loans?
NO you have s secondary obligation for the note, not the money or how it was or was not used.
How can I get financial aid?
Billions of dollars in financial aid is available to those who need help paying for college. Learn more about student aid and college tuition at collegeboard.com.
How long do you pay for college after 21?
It typically does not depend on age. However, most students will spend 10 years paying back student loans. Undergraduate students will normally begin paying back student loans 6 months after they graduate.
What is income threshold?
An income threshold is the amount of earnings a person can receive before they have to start paying taxes. Each state has different amounts to this threshold.
What is the easiest and best paying jobs for an eighteen year old college student?
I worked for dunkin donuts during college... the check was only minnimum age but the tips were amazing
Do you have to pay off the Wells Fargo student loans myself?
Most loans require students to pay back the money as soon as they're out of college and have a paying job. If a parent wants to pay back the loan their student has took out, then the student won't have to pay. However, students are responsible for paying back loans like the Wells Fargo Student Loan.
What exactly are easy student loans?
Student loans are loans, or money, that is given to students who need assistance in paying for their education/schooling. Easy student loans is mostly likely an easier, simpler way for college students to qualify.
Is it actually compulsory for every college and university student to get summer jobs?
No. If you have student loans, however, then it will pay you to find a permanent part-time job during college. You will then have less to pay off. That's how I got rid of all my student loans only a year after I had to start paying them back. Sure it sucks when you fall asleep in early morning chemistry class when you just got off the graveyard shift at 7am, but most of my friends who didn't do that are still paying off their student loans years after leaving college. It also looks really good in an interview if they see that you worked during college.
Can you receive your diploma before paying off your entire loan?
In the U.K., yes. Repayments of student loans only begin when one's earnings are above a certain level (£15k, I think). In the United States payments do not start until a period of time after you graduate. Elsewhere in the world policies may differ.
What are some tips for paying off a student loan fast?
Attend Counseling for student loans before leaving college. Make sure you review all paperwork! Remain on top of payments, making sure to never pay late. Find a job that will help you pay off the loans faster.
