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How does business influence the government?
Business influences the government by providing its primary source of income. This is done by employing citizens who ultimately pay taxes on their income.
US citizens pay a progressive or graduated income tax which means?
The more taxable income they have, the more they pay
Are Illinois citizens required to pay income taxes?
Yes, Illinois has a state income tax.
What is the term for income collected to pay the nation's expenses?
primary
When must citizens pay payroll taxes in UK?
In the United Kingdom, you pay income tax as you earn income, or "pay as you go". There is not an annual deadline like there is in the United States.
Citizens of the US pay income taxes on all money they earn?
Is not a true statement. Many people have income and pay noi tax, many types of income are not taxable, etc.
How many senior citizens pay income tax?
The number of senior citizens paying income tax can vary depending on their income levels and sources. Generally, senior citizens with income above a certain threshold are required to pay income tax on their earnings from pensions, investments, and other sources. It's best to consult tax data from the relevant government agency for specific statistics.
Why do poll taxes hurt low income citizens?
Low income citizens cannot afford to pay the poll taxes. If they don't pay poll taxes, they can't vote. Incidentally, poll taxes have been outlawed in the United States.
What is the origin of income in the medical office?
Insurance payments would have to be the primary source of income, then Medicare, Medicaid and self pay.
Do US citizens have to pay tax on employment income?
Yes. It's called Income Tax. States can require an income tax, and there is tax payable to the Federal Government.
Do Puerto Rican citizens pay US income tax?
Puerto Ricans are US citizens. US citizens who live in Puerto Rico are not subject to the US Federal income tax on income they make from sources in Puerto Rico. Any Puerto Rican who moves to another part of the US is subject to Federal income tax just as all other US citizens are.
Can you be a co-signer on a loan if unemployed with good credit rating?
The reason a lender requires a co-signer is to guaranty the loan will be repaid if the primary borrower doesn't have a strong enough credit record or an adequate income. Indeed, if the primary fails to pay the co-signer is fully responsible for paying the balance of the loan. It is unlikely you would qualify as a guarantor if you are unemployed yourself but you can ask!The reason a lender requires a co-signer is to guaranty the loan will be repaid if the primary borrower doesn't have a strong enough credit record or an adequate income. Indeed, if the primary fails to pay the co-signer is fully responsible for paying the balance of the loan. It is unlikely you would qualify as a guarantor if you are unemployed yourself but you can ask!The reason a lender requires a co-signer is to guaranty the loan will be repaid if the primary borrower doesn't have a strong enough credit record or an adequate income. Indeed, if the primary fails to pay the co-signer is fully responsible for paying the balance of the loan. It is unlikely you would qualify as a guarantor if you are unemployed yourself but you can ask!The reason a lender requires a co-signer is to guaranty the loan will be repaid if the primary borrower doesn't have a strong enough credit record or an adequate income. Indeed, if the primary fails to pay the co-signer is fully responsible for paying the balance of the loan. It is unlikely you would qualify as a guarantor if you are unemployed yourself but you can ask!
