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Absolutely he does. The VP of the United States is required to pay his income taxes just like everyone else is.

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Q: Does the vice president pay taxes on income and assets?
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What is the abbreviation for vice president of administrative services?

VPAS


Show by example how to prepare a cash flow statement using a balance sheet?

This is pretty tough to do without actually having Excel or images of the balance sheet. The simplest starting point though is to start with net income and then take the difference between the assets and liabilities on the balance sheet. As assets go up, it means you didn't collect the cash or you paid cash to acquire the assets thus cash goes down. Conversely, if liabilities go up it means you didn't pay them so cash goes up. Then vice versa if assets or liabilities go down.


Can a vice president be a secretary and treasurer of a for-profit corporation?

It would all depend on the charter of the organization. It think not, in most cases.


Am I responsible for tax debt my husband had prior to our marriage?

Best answer is to contact a tax professional, as they are the best to help review your personal information and direct you. However, generally speaking your not responsible, per-say, for his tax obligations. Yet, if you have joint-bank accounts or assets, they are subject to IRS Tax Judgments, Liens and/or levies. Secondly, if you file under the "married filing jointly" then anything he owes, you owe, and vice-versa. So any income tax return you expected can be garnished by the IRS without notice or warning, and complete disregard to anything you may have been due individually.


What is business entity concept?

The business entity concept states that the financial affairs of a business and its owners/operators/managers/employees must be kept separate. For example, an owner cannot list his/her own personal automobile as an asset under the business, and vice-versa. Depending on the type of business that is being run, the two might not be separate legal entities even though they are considered to be separate economic entities. For example, if a sole-proprietorship is under the target of a lawsuit, the owner's assets may be at stake. However, if a corporation is under the target of a lawsuit, the shareholders' (owner's) assets may not be at stake in the lawsuit. In both instances, the owner's assets, debts, revenues, expenses, and all other economic affairs are kept separate from the company's economic affairs.

Related questions

Did Dick Cheney put his assets in a blind trust when vice president?

no


What is the monthly salary of president and vice president?

That depends if you only include income earned directly from being president the annual salary is $400,000. The annual income earned directly from being vice president is $230,700. If you divide these numbers by 12 you will get the monthly salaries of the president and vice president.


How much does a bank vice president make?

The average yearly income for a bank vice president working in the US is $102,000. The average annual income for this career in Phoenix, Arizona is $86,000.


Does the enumeration affect the income tax levied on persons in the various states?

true, for the vice president for the president the house votes


What is the president's position within the executive branch?

* President * Vice-president* President * Vice-president* President * Vice-president* President * Vice-president* President * Vice-president* President * Vice-president


What does john mcain want to do with the Economy?

John Mcain is not going to higher taxes, and if he wins he will do good as President of the US. On the other hand, Barack Obama is going to higher taxes, and still will be a good President. John Mcains vice president is Sarah Palin, Govenor of Alaska. Barack Obamas vice president is Joe Biden, A senitor. Thanks for asking on wiki!


Who is the second ranking member of the executive branch?

Vice President


If the president can no longer serve who can be president?

vice president until presidents term is up.


How is the vice-president elected?

The vice president is selected by the canidates and if they win the vice president they chose becomes vice president.


What is the vice president is the president of what?

The Vice President is the President of the Senate.


Who is the president elected with?

vice president


What is the second in line of succession to the presidency?

vice president