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The income that remains after all taxes on it have been paid is?
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How does one calculate net income?
For individuals the net income is the amount left over after taxes, garnishments and withholdings have been taken from earnings. For businesses, the net income is the profit amount or what remains after all expenses have been paid.
What is the difference between income taxes and state taxes?
Income taxes are taxes paid based on the amount of your wages and other forms of income, including but not limited to investment income, pensions, interest and dividend income, business income, rental income, etc. Income taxes are assessed by and paid to the federal government and, depending on where you live, also state and local governments. State taxes can come in many forms, including not only income taxes, but also property taxes, sales taxes, use taxes, excise taxes, business taxes, etc.
Taxes paid on wages from work or returns on investments are known as?
income taxes
If you have small business expenses but no income will you get a tax return?
You can get a tax refund (I think that's what you meant) if you paid more taxes in than you owed. So, if you had no income, you would owe no taxes and should get anything back you paid in. Of course, if you had no income, how did you pay taxes?
Income which is not consumed and not paid out in the form of taxes is called?
Saved
How does one calculate net income?
For individuals the net income is the amount left over after taxes, garnishments and withholdings have been taken from earnings. For businesses, the net income is the profit amount or what remains after all expenses have been paid.
What is the difference between income taxes and state taxes?
Income taxes are taxes paid based on the amount of your wages and other forms of income, including but not limited to investment income, pensions, interest and dividend income, business income, rental income, etc. Income taxes are assessed by and paid to the federal government and, depending on where you live, also state and local governments. State taxes can come in many forms, including not only income taxes, but also property taxes, sales taxes, use taxes, excise taxes, business taxes, etc.
Can you deduct the interest paid on state taxes on your federal income taxes?
yes
Taxes paid on wages from work or returns on investments are known as?
income taxes
Which payroll taxes are paid by the employer only?
Federal & State Income taxes
What is the car dealers net income?
A car dealers net income is the amount of money he makes after all expenses, bills and taxes have been paid.
What is the minimum amount in the bank before it is taxed?
The amount that is now in the bank should have been subject to the income taxes already and the income taxes should have been paid. The earnings INTEREST,etc. on the amount that is in the bank would be reported on your 1040 federal income tax return along with all of your other gross worldwide income and be subject to income taxes at your marginal tax rate.
What type of income taxes were paid by US citizens in early 1800's?
income taxes didn't exist back then.
What does incompanted mean?
Incompanted is an odd word made from slang in income corporations it means To pay with your Income taxes or to be paid with your income taxes strange as that is
If you have small business expenses but no income will you get a tax return?
You can get a tax refund (I think that's what you meant) if you paid more taxes in than you owed. So, if you had no income, you would owe no taxes and should get anything back you paid in. Of course, if you had no income, how did you pay taxes?
Income which is not consumed and not paid out in the form of taxes is called?
Saved
Advance tax vs tax at source?
Estimated tax payments and tax at source are basically the same in the pay taxes as you pay these taxes when you receive income and then you get a credit on your 1040 income tax return for the advance estimated taxes that have been paid or withheld at the source of the income. If too much is paid in advance you will receive a refund of the over over paid amount. If NOT enough was paid in advance then you owe some additional amount when you have completed your 1040 income tax correctly and have it ready to send to the correct IRS address.
