After Ray's car was damaged, he had to pay a $250.00 deductible, then the insurance company paid the remainder of the repair bill.
You need to deduct your expenses from the money you take in to determine your profit.
deductible
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The student signed a promissory note to repay the loan by the end of the semester.
Please enclose your tax-deductible donation in the self-stamped envelope provided. Soon the fog will enclose the entire coastline. Please enclose your payment with your tax return.
deductible
It is "deductible," except in Australia, where it's spelled "deductable."
Well yes and no. Under a recent change in the tax laws, sales or use taxes are deductible under certain rules IF you elect to, and beneficial if they are more than the State income taxes. This equalizes the deductible State taxes for those living places that have no (or small) income taxes.
Straight Deductible
The pros to having an insurance plan with a low deductible would be that you do not have to pay as much money out of pocket if something happens and you need to use your insurance. The con of having a low deductible is that your monthly payment will be higher than if you had chosen a plan with a higher deductible. Generaly, if you are young and healty with very few trips to the doctor, go with a higher deductible. However, be sure you choose a deductible that you can afford to pay in the event something actually does happen to you.
Rent for business purposes is deductible from your business income for both federal and state purposes. Rent for your personal use is not federally deductible. There is a rent deduction of up to $3000 ($1500 married filing separately) for Massachusetts state taxes.
An average price range for State Farm auto insurances is about $350 a month. It includes a $500 deductible, however you only get one deductible per year. If you do not use that deductible they will send you a check of $250.
If your policy contains a Deductible clause then yes you will have to pay your deductible.
A lap top for personal use is not deductible. Anything purchased for personal use is not deductible on your income taxes unless there is some type of credits or such. That's the only information you gave me. If you have other uses it may or may not make a difference.
The average deductible varies depending on your company. However, on average, the deductible is about $1000.