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Depends. Is the money income? Is any or all of it interest? If it is loaned by a friend or family member then no. Nor will it be taxed if it is a gift. You might be thinking about a SAR report that is completed by the teller. Below is a question from Yahoo! Answers and the best answer hits the nail on the head. http://nz.answers.yahoo.com/question/index?qid=20070411081651AA4FiS3
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Journalize A 10000 deposit from XYZ for 2000 unit of product XYZ has 20 days to purchase the good for the fair market value of the goods on the date of purchase otherwise the deposit will be refund?
[Debit] Cash / bank 10000 Credit Customer deposit 10000
If joint account with adult son will large deposit by you be taxed if he uses it to make a home loan down payment?
Money is taxed when you earned, not when you put it in the bank. Only the interest earned on the deposit would be taxed. When you buy a house there is no sales tax at this time.
If you deposit 10000 on 3 percent interest what would it be weekly?
$5.77
Is it part of the ObamaCare bill that you will be taxed 1 percent on any amount that you deposit in a bank in US?
No.
Can you get in trouble for depositing 10000?
The United States government does require banks to report any deposit over 10,000 dollars. If there is a legitimate purpose for the deposit, there should be no trouble.
If you deposit 10000 in a bank account that pays 8 percent interest anually how much would be deposited in your account after 5 years?
(10000)(0.8)(5)/100 ~ 10400
Are the medals of the 2012 Olympics being taxed?
Yes every medal is taxed about 35% of its value. Say i win three bronze medals(the reward is 10000 if im not mistaken) i wud owe the irs over 10000the dollars
How much amount of fixed deposit can you get done in union bank of India an Indian govt bank by tendering cash?
10000
How much do you need to deposit now into an account which pays you 3 percent compounded monthly to have 10000 in 25 years?
Deposit 4776.06 The frequency of compounding does not matter since the annual interest rate is given.
How do you calculate interest on TDS for late deposit?
1.5% per month or part there of, till tds is paid Deduction due date paid date 10000 7.7.2012 8.7.12 interest 150 10000 7.7.2012 8.8.12 interest 300 10000 7.7.2012 8.9.12 interest 450 ...like
If you deposit 10000 in a bank account that pays 10 percent interest anually how much would be deposited in your account after 5 years?
5000
Do I have to pay taxes on a Roth IRA that I used as retirement investment?
No. You deposit money from your POST-tax income into a Roth IRA, so it's not taxed upon withdrawal.
