0
Minors are subject to all of the same taxes as adults.
The minor may also be subject to a special "kiddie tax" on investment income.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
Do minors have to pay income taxes?
Yes.
Do I have to pay taxes on my stock options?
Employees may or may not have to pay taxes on their stock options. According to Smart Money, employees have to pay taxes for stocks they choose to sell.
Why did minors not pay taxes?
Who says they don't? If they have income they most certainly do.
What is PAY IN and PAY OUT at stock market?
pay in is to pay inpay out is to pay out
Mycenaeans could pay their taxes in?
wheat, live stock,or honey
Do you have to pay account fees at Stock Market online?
I am not sure which stock marketsite you are asking about, however most online stock market sites do have small fees that must be payed. Please be more specific about which stock market online site you are interested in.
If you were gifted 12000 and sold stock in 2007 and then opened an IRA and a money market account with it what kind of taxes do you have to pay?
Gift - no tax. Stock sale - tax on profit, if any. Type of tax depends on how long stock was held. IRA - if Roth, no effect on tax return. If traditional, may be deductible, depending on other factors. Money market - interest is taxable.
What is the market price of imageJ software?
$0. Because taxes already pay for it.
Corporations receive funds when their stock is sold in the primary market. Why do corporations pay attention to what is happening to their stock in the secondary market?
becuase something happen already
Purpose of income taxes?
The primary purpose of income taxes is to raise money to pay for government operations. However, they have been used secondarily to encourage or discourage certain types of activity. For example, deductions for home mortgage interest encourage the purchase of homes and reduced tax rates for stock dividends encourage investment in the stock market.
Why does the government need to collect taxes-?
To pay for goods that won't be provided by the free market
Do you withhold federal taxes for minors?
All taxes should be withheld on earned wages. If a minor has less than the standard deduction in UNEARNED income then they will not pay any Federal Tax... the state and local taxes depend on the state and locality.
