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Businessdsanya

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4y ago

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What if you only make 40k per year. will the government come after me for not paying income tax?

Yes. The government will get their cut sooner or later. Hopefully you have the money to pay up.


What is money you earn called?

The money you earn is commonly referred to as "income." This can come from various sources, including wages from employment, profits from business activities, or returns on investments. Income is typically classified into categories such as earned income (from work) and unearned income (from investments or other sources).


Where does the majority of tax money come from?

The majority of the tax money comes from income taxes paid by individuals. This makes up 46 percent.


How much money can you make before you need to report it?

If you are earning money then you should report it. The tax system will allow you to make a certain amount before you have to pay tax BUT you should let the system work this out. If you do not declare your income and you do owe tax then they will eventually come after you and fine you for not declaring your earnings.


How do you make a man come in 30 seconds?

Call his name and he shall come.


Does the income statement describes the financial position of a firm on a given date?

Yes, an income statement is a document used to show what the businesses revenue and expenses are during a specific period. It shows where all the money has gone and where the money has come from.


Where does the money for your monthly credit card payment come from?

The money for your monthly credit card payment typically comes from your bank account or other sources of income, such as a paycheck or savings.


How do you pay for your debts when you have less money come in and more going out in bills mortgage and credit cards?

remortgage, or find a 2nd income


What are some non-pay paintball fields around San Bernardino or Yucaipa CA?

i doubt it, it costs a lot of money on upkeep for a paintball field and that money has to come from somewhere. to make absolutly sure, call your local paintball store.


When The money that enters in your account such a paycheck is called?

The money that enters your account, such as a paycheck, is called "income." This income can come from various sources, including wages, salaries, bonuses, or other forms of compensation for work performed. It represents the earnings you receive for your labor or services rendered.


Do the income tax people send you a email saying you have money to come back to you fill in a form?

If you mean the IRS when you say "income tax people", then the answer is no.The IRS will never contact you via email.


What do you call the gas that you make when you blow in a balloon?

Helium come on man