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Depending on how broad your interpretation of "earn" is, it can be a wage tax, a payroll tax, or an income tax.
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∙ 14y ago
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Why is the progressive tax is the ideal tax system?
the progressive tax system is the ideal one because it would not be unfair to the people whose income are less because the more you earn, the higher your tax rate.So it means that people who earn less will pay less tax rate while those people who earn more will pay more tax rate. That's the good thing about progressive tax system.
How does municipal corporation earn the money to do its work?
by taking tax by people
How do people get tax free savings?
People get tax free saving by making a tax free savings account. TFSA is a flexible registered , general-purpose saving vehicle that allows people to earn tax free investments income.
How much tax do you pay if you earn 5000 a month?
How much tax do I pay if I earn 8000 a month
What is a tax that you pay on the money you earn?
To answer your question, the taxes you pay on the money you earn (salary, income) is called income tax.
If you earn 5000 pounds a year how much tax will you pay?
if i earn £5000 a year what percentage of tax should i pay
What is the advantage of tax?
regressive tax encourages earning. this is such that as for the case of progressive tax whereby the more you earn, the more taxes you pay in the case of regressive tax, the more you earn the more you get to keep.
What is the advantage of regressive tax?
regressive tax encourages earning. this is such that as for the case of progressive tax whereby the more you earn, the more taxes you pay in the case of regressive tax, the more you earn the more you get to keep.
What is the difference tax codes 836L and 848L?
836L means you can earn £8365 before you pay any tax, 848L means you can earn £8485 before paying any tax a tax year.
How much will you earn after tax if you earn 14k?
You must be aware that not everybody pays the same rate of income tax. Do you have dependents? Medical expenses? Work expenses? Capital gains? And so on and so forth. Tax is complicated, that's why some people go to H. & R. Block to have their taxes done.
How much money does a tax preparer make in a year?
Lower end tax preparers can earn around $10,000-$15,000 and Higher end tax preparers can earn $40,000 and up
Do you need to file taxes if you didnt earn any income but welfare?
Not normally. However if the tax people have sent you a form or told you that you need to fill in a form - EVEN IF YOU DO NOT NEED TO PAY TAX - you MUST return a completed form to the tax people or you will get a penalty.
