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What else can I help you with?
What did the townshend acts of 1767 affect or tax?
external taxes.
What are commonly proposed alternatives to income tax?
proposed alternatives to the income tax include the value-added tax and national sales taxes, two taxes for which the tax base would be consumption rather than income. Another alternative is the flat tax
What does it mean to claim allowances on taxes?
Claiming allowances on taxes means indicating on your W-4 form how many tax deductions you are eligible for, which can affect the amount of tax withheld from your paycheck.
Does Europe have taxes that affect nations?
Yes. Each European country has national taxes and possible other forms of taxes (homes tax, sales tax, separate state tax, etc.). In addition, if a country is a member of the European Union, taxes must be paid to the EU in addition to the citizen's native country.
What does it mean to amend taxes and how can it affect my financial situation?
Amending taxes means making changes to a tax return that has already been filed. This can affect your financial situation by potentially increasing or decreasing the amount of tax you owe, resulting in either a refund or a payment to the government. It is important to amend taxes if there are errors or if you have new information that could impact your tax liability.
How can a higher payroll affect filing for taxes?
Higher payrolls affect taxes in several ways. First, higher payrolls lead to higher income tax percentages, requiring a person to pay more in taxes. Also, higher payrolls lead to more taxable objects, from property to sales tax.
What tax is paid by business?
Companies pays the below taxes to the Federal in US: 1. Corporate Tax 2. Capital gain Tax 3. Alternative Minimum Tax (AMT) 4. Branch Profit Tax 5. Sales Tax 6. Fringe Benefit Tax (FBT) 7. Local Taxes 8. Foreign Source income in US 9. Foreign tax relief
What determines whether an entity pays regular income tax or AMT?
Corporations determine whether an entity pays regular income tax or Alternative Minimum Tax (AMT). Most state income taxes are determined on the same tax year as the federal tax year.
How many taxes are there in India?
service tax , income tax, sales tax, tds tax, excise tax & other taxes
Will sale of condo by wife affect having to pay taxes on sale of house by husband?
Your tax advisor can answer your question.
Can you deduct IL property tax on both federal and state returns?
Yes, sort of: property taxes are a federal tax deduction and an IL tax CREDIT (up to 5 percent of property taxes paid). Your tax professional will assist you with your particular situation and will know of any changes to the law that might affect you.
How does filing status affect the amount of taxes you will pay?
It changes the tax bracket of the taxpayer, meaning that the taxpayer pays more or less tax, depending on filing status.
