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Q: Put the steps in the correct order that an individual pays their frederal income tax?
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How does the issuing of capital stock effect net income?

Somebody please correct me if I am wrong, but issuing capital stock increases total assets. If one considers total assets when calculating net income, any capital stock or additional paid in capital must be deducted from total assets in order to find net income. Issuance of stock does not contribute to income from operations; it is a financing activity that contributes to total equity. Also, if there are dividend payments for the year, these outflows must be added to assets before arriving at net income.


What is the minimum yearly income in order to get your taxes refunded to you?

Your filing status would have an affect on this ans also and if you are a dependent on another individual taxpayers income tax return would affect the final numbers to. The amount that would be less than your standard deduction and exemption amount for your filing status and of course if you had some income tax withheld from your pay. Any of the amount above the your standard deduction amount and your exemption amount for the year would cause you to have income tax liability and this reduce the amount of any income amount that may have been withheld for the year.


What is durable income mean?

Durable income is a strategy for optimizing the performance of a traditional retirement portfolio in order to help investors maintain the income necessary to fund the lifestyles they enjoy throughout retirement.


What is the purpose of order letter?

The purpose of an order letter is to specify the expense for the person placing the order. It also lists the income for the one getting it.


What form is required in order to calculate federal income tax?

W-2

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