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What is an example of deductions?

Updated: 10/22/2021
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6y ago

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All participants must wear a uniform. Jim is a participant therefore, Jim must wear a uniform. THIS IS THE ANSWER FOR APEX ENGLISH 2.2.7

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Hyman Stokes

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14y ago

The example of deductive reasoning is Mr.Raymond Jay Beloy BSCS 2 B.

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Q: What is an example of deductions?
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Example of tax evasion?

An example of tax evasion is when a person lies about how many deductions they have when they are filing their yearly taxes. If a person lies and claims more deductions than they actually have, their tax amount will decrease that they owe the federal government.


What is the formula to calculate net pay to gross pay for a Canadian employee?

netpay=grosspay-deductions for example: deductions: tax=10% sss=20% philhealth=10% pagibig=20%


What is allowable deductions?

Try the IRS website. IRS.GOV and type in "DEDUCTIONS" in their serach engine. You might want to be more specific about the deductions you are looking or, i.e. deductions for homeowners deductions for day care deductions for business etc....


What is difference between gross salary and net salary?

Let's say your employer agrees to pay you $1000 per month, and then (for example) 20% of that is deducted for taxes and social benefits, so you only get $800. The gross salary is the salary before the deductions. In the above example, 1000. The net salary is after the deductions. In the example, 800.


If pay before deductions is 1212.02 and pay after deductions is 861.29 then what percentage is the deductions?

28.9376%


What are legal tax deductions in the US?

Try the IRS website. IRS.GOV and type in "DEDUCTIONS" in their serach engine. You might want to be more specific about the deductions you are looking or, i.e. deductions for homeowners deductions for day care deductions for business etc....


Where can i find a list of eligible tax deductions?

Try the IRS website. IRS.GOV and type in "DEDUCTIONS" in their serach engine. You might want to be more specific about the deductions you are looking or, i.e. deductions for homeowners deductions for day care deductions for business etc....


How do you solve monthly gross pay?

Net pay = gross pay - deductions. Or in percentages: Net pay = gross pay x (1 - percentage of deductions / 100) If you have any two of these, you can solve the third. For example, in the last formula: gross pay = net pay / (1 - percentage of deductions / 100)


What happen to the money that your employer withholds from your paycheck?

The taxes are sent to the taxing authorities. For example, your federal income taxes and Social Security taxes are sent to the IRS. State taxes are sent to your state tax department. Other deductions are sent to the appropriate party. Charity deductions are sent to the charity. Insurance deductions are sent to the insurance company (or kept by your employer if they are self-insured). Savings deductions are sent to the savings institution. 401k deductions are sent to the 401k trustee.


Declaration of income exemptions and deductions claimed?

Deductions take many many forms and names. They depend on situations too and the type of income you have or how you earned it. Your question is entirely too broad to have any list or comprehensive answer. However, as a start: Try the IRS website. www. IRS.GOV and type in "DEDUCTIONS" in their search engine. You might want to be more specific about the deductions you are looking or, i.e. deductions for homeowners deductions for day care deductions for business deductions for travel deductions for investing deductions for medical etc, etc ....


Should you file standard deduction or ez file to do your taxes?

You should only itemize if you have some deductions you can claim-are a homeowner for example.


What all deductions are needed for gross salary?

Gross salary means the total salary BEFORE any deductions are taken, so the answer is no deductions.