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Is it true a person cannot contribute to their ROTH IRA if they make over a certain amount per year?
1200Euclid
Yes, $114,000 for single filing and $166,000 for joint filing.
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∙ 15y ago
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Is there a tax credit for adult children living at home who don't work or only make a certain amount a year?
You cannot claim any dependents if you, or your spouse if filing jointly, could be claimed as a dependent by another taxpayer. You cannot claim a married person who files a joint return as a dependent unless the joint income tax return is only a claim for refund and there would be no tax liability for either spouse on separate returns. You cannot claim a person as a dependent unless that person is a U.S. citizen, U.S. resident alien, U.S. national, or a resident of Canada or Mexico You cannot claim a person as a dependent unless that person is your qualifying child or qualifying relative. For all of the rules go to the IRS gov web site and use the search box for PUBLICATION 17 go to chapter 3 You can click on the below related link
Explain the essential elements of bills of exchange?
Essential of Bill of Exchange 1. The bill must be an unconditional order. 2. It must be in writing. 3. It must be signed by the maker. 4. The drawer must be a certain person. 5. The drawee must be certain. 6. The payee must be certain person. 7. The amount payable in the bill must be certain. 8. The order must be to pay money and money only. 9. The amount must be payable on demand or a fixed or determinable time. 10. It must be stamped according to the value of the bill.
What is a bill of exchange used for?
A bill of exchange is like a personal check. The person who wrote the check is instructing the bank (a third party) to cash the check for the payee. A promissory note is also a bill of exchange that instructs a person to pay a certain amount to another person.
What qualifications are the deferred payments?
A deferred payment is an arrangement in which a debt does not have to be repaid until sometime in the future. The debt might be created when a person takes out a loan, for example, or purchases a good or service. Payment for the loan, good or service can then be deferred for a certain amount of time, depending on the arrangement. In some cases, payment in full must be made by a certain date, and in other cases, multiple smaller payments can be made until the full amount has been paid. Depending on the specific arrangement, interest might be added to the amount due starting immediately or after a certain amount of time - or no interest might be added at all.
What is the bill of exchange?
A Bill of Exchange is a payment document for a trade in goods. It is a written negotiable instrument in the form of unconditional order signed by the maker directing a certain person to pay a certain sum of money on a certain date payable on demand or expiry of the fixed period only to the certain person or order of the certain person or the bearer of the instrument.
What is the allowable amount a person can contribute to a keogh plan?
As of 2014, you can contribute up to 25% of your self-employment earnings. If you make $80,000, you can contribute a maximum of $20,000.
What is straight time?
amount of moneythe amount of money a person receives when paid a certain amount per hour
What is straight time pay?
amount of moneythe amount of money a person receives when paid a certain amount per hour
A written promise to pay a certain amount of money to a certain person at a given point in time is?
A Bond
What is a person who agreed to work for someone a certain amount of time in exchange for the cost of ocean voyage?
An indentured servant is a person who agreed to work for someone a certain amount of time in exchange for the cost of ocean voyage.
What is the best description of straight pay?
the amount of money a person receives when paid a certain amount per hour
What is the description of straight time pay?
the amount of money a person receives when paid a certain amount per hour
Commodity that a person had to own a certain amount of in order to be eligible to vote?
Land :)
Least amount of money you can carry by law?
(in the U.S.) There is no law or statute that requires anyone to have a certain amount of money on their person.
What is the best description of straight time pay?
the amount of money a person receives when paid a certain amount per hour
How do you get a 2 person plane on wii sports reort?
You have to have a certain amount of i points before you can get it.
Commodity that a person had to own a certain amount of in order to be eligable to vote?
land :D
