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No utility would not refer to the individual federal income tax unless you would have a UTILITY INVESTMENT FUND that you would be receiving income from. Then you would have some taxable income from this UTILITY FUND that you would have to report on your 1040 federal income tax return.
What else can I help you with?
Advantages of income tax?
Income tax helps to provide the infrastructure that businesses need to survive. They pay for necessities such as roads and utility services.
Can you include utilities bill for your income tax?
Sure if you have a business then you can use the utility bills as your deductions
Am I subject to federal income tax?
Individuals are subject to federal income tax if their income meets certain thresholds set by the Internal Revenue Service (IRS). It is important to consult with a tax professional or refer to IRS guidelines to determine your specific tax obligations.
What is taxed in the income tax?
For most purposes the income tax rate is 5.3% in Massachusetts. However, a higher rate applies for capital gains and other large earnings.I generally refer to http://www.state-income-taxes.com for basic information on state income tax rates.
What is the income tax rate in Massachusetts?
For most purposes the income tax rate is 5.3% in Massachusetts. However, a higher rate applies for capital gains and other large earnings.I generally refer to http://www.state-income-taxes.com for basic information on state income tax rates.
How do you pay house tax through on line?
Pay your income tax, property tax, college tuition, utility and other bills online with a credit card, debit card or other convenient option.
What is Before tax income after tax income?
Before tax income is gross income less allowable deductions and rebates = assessable income. After tax income is assessable income less the applicable income tax
What is equal absolute sacrifice?
It implies that the loss of utility when one part with his income on account of tax should be equal to all tax payers.This would required that the person with higher income pay more than those having lower income in such a way that the sacrifice for individual is same.
What is taxed in the income?
For most purposes the income tax rate is 5.3% in Massachusetts. However, a higher rate applies for capital gains and other large earnings.I generally refer to http://www.state-income-taxes.com for basic information on state income tax rates.
What kind of income tax is based on your taxable income?
Income tax IS based on your income that is why it is called INCOME tax.
Is Payroll Tax considered Income Tax?
Yes. Any tax on income is income tax. Taxes imposed after income, such as sales tax, aren't.
What is a Fedeal income tax?
A income tax is a tax levied on the income of individuals or business.
