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Generally things to either ease the accounting for, or control the tax benefit from items effecting a tax return.
For example, certain auto/travel expenses are deductible. The amount spent can be difficult for many people to keep track of exactly, so there are standards set, that with limited documentation are allowed. A rate per mile. Yours may well have been different..higher or lower..but the IRS will allow that.
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If you choose exempt on your federal form w-4 can you enter a number of allowances also?
No. Exempt means you rightfully do not need to pay federal income tax. There would be no point in entering allowances.
Which of these is a description of allowances?
special circumstances that reduce a persons federal tax bill
What is a description of allowances?
It is the special circumstances that reduce a person's federal tax bill.
What is the journal entry for sales returns and allowances?
Debit: Sales Returns & Allowances Credit: Accounts Receivable :)
What is tax written down value?
For capital allowances purposes, the balance of expenditure in respect of which capital allowances have not yet been claimed.
Which of these statements is trueMore allowances deducted from a paycheck ensure that a person will receive a large refund at the end of the year?
The fewer allowances an employee declares, the more money the federal government will withhold from a paycheck.
If you choose exempt on your federal form w-4 can you enter a number of allowances also?
No. Exempt means you rightfully do not need to pay federal income tax. There would be no point in entering allowances.
Which of these is a description of allowances?
special circumstances that reduce a persons federal tax bill
What is a description of allowances?
It is the special circumstances that reduce a person's federal tax bill.
Computing. Federal income tax, using the table, determine the amount of federal income tax an employer should withhold weekly for employees with following medical status, earnings, and withholding allowances?
A. Single and Total weekly earnings $347 and number of allowances 2. b. Single $445 total weekly earnings. A number of allowances is one.c. Marital status is married $482 weekly earnings with three allowances.. d. Single marital status $488 weekly earnings zero number of allowances.e. Marital status is married and $693 total weekly earnings the number of allowances five
Can you get federal parole with a drug charge?
There is no parole for federal offenses committed after 01 November 1987. FedCURE.org is working to establish a hybrid system of parole and good time allowances; and reentry opportunities for federal offenders. www.FedCURE.org
Allowances for sbi award staff?
allowances during transfer
What is claiming certain allowances?
People claim certain allowances called benefits.
Pay scale for PO in federal bank?
14500+DA+HRA ALLOWANCES: 1000+450+3200........So total comes around 27000/- after deductions to pension and others
What kind of an account are sales return and allowances?
Sales Returns and Allowances is a contra income account.
What is sales returns and allowances classified as?
An income account. Debit Returns & Allowances, Credit Cash.
Can living quarters allowances that were granted to and approved by the authorizing official for local hire federal employment positions oconus be stopped because of new Interpretation of policy?
The change in interpretation of policy can effect any previous, current and future grantings. The changes may not take effect until the next time the allowances are applied for, however.
