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Does a 16 year old file income tax in Canada?

Ones age does not determine if a person files taxes or not, what it matters is how much money the person made that year. What was the income of the person that year, is what determines the income tax filling status.


Does everyone need to fill out a W-4?

Filling out a W-4 is required whenever a person starts a new job. This form is used to calculate and process the income tax you will owe the government based on the wages you earn.


What is an IRS agent?

an IRS agent is a person that investigates any fraud or missed filling on your income tax returns.


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.


Why do you need to fill out a waiver of liability form?

A person may be required to fill out a waiver of liability form for several reasons. The waiver of liability generally protects an individual or business against legal risk, and asks the individual filling out the form to accept their own risks for undertaking a certain activity.


What is the average cost of filling a position with monster.com?

When considering a job, it is important to know the salary income. Filling a position with a job at this place, could land a person with an annual salary of $90,000. It will depend on what position is being filled.Ê


Differences between real income and money income?

Money Income :- The income of a person is considered to be money income which is of his own disposal. eg - salary, wages, interest etc. Real Income :- The goods & services which a person buy from the money income is real income.


what kind of documentation do i need for a stated income loan ?

A stated income loan approves you for a loan based on the amount on income a person states. The bank does not verify this income. The only documentation that may be required is a Form 4506.


Is an individual with an income of 150k considered rich?

Yes, the person with this much income would be considered rich. This is, of course, depending upon the number of dependent they have.?æ


What information is required to apply for an Argos card?

A person is required to give certain information when applying for an Argos card. The person must give their name, adress and phone number. Also the person must provide their employment status and income.


When a person dies do they have to file taxes?

The individual does not file a tax return, but the estate is required to. That is the responsibility of the executor. They file on behalf of the individual and the estate.


Can one person have two auto policys for different cars?

Each individual car a person owns is required to have its own policy.