0
$300. Look at instruction for Form 1041, line 20
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What is a fixed amount of money that is excused from taxes?
Exemption
How much money do you get per kid on your income tax this year?
The exemption amount for each qualifying child or qualifying relative dependent is $3,650 for each exemption. You can also deduct $3,650 for yourself.
What are exemption's?
they are amount of money that taxpayers claim for themselves, spouses, and any eligible dependents that will reduce their taxable income. this is for a+ robert was here:p
What are the benefits of a prepaid cell phone?
Prepaid cell phones give you control over the amount of minutes that you can use.You can control the amount of money you spend by either only paying a stated amount or adding minutes by paying more.
What is a monetary fine?
A punishment for a an offence which involves paying an amount of money to your club, your council or your government.
What does annual income means?
Amount of money made in one year from all sources before paying taxes on it
How much would I be looking at paying for a years worth of Physics tutoring?
The amount of money you will be paying for a year worth of tutoring in Physics is $ 2500 on average.
What is the relationship between the government and a tax-paying entity?
Pretty much the same as between a robber and a victim, except the taxpaying "victim" has to save lots of data and fill in lots of forms _before_ he is legally "robbed" whereas the victim of an illegal criminal has to fill in the police report and insurance claim _after_ he is deprived of his money. OK, seriously, the tax-paying entity pays tax to the government so the tax-paying entity is a remitter or payer or debtor and the government is a remittee or payee or creditor.
What is the minimum amount of money you can earn without paying taxes?
Less than 3 thousand a year.
Is property an asset or liability?
Asset: It is a resource controlled by the entity with the future economic benefit flowing to the entity as a result of past transaction.
What is Concept of money and measures of money supply?
Money simply exists as a bartering system. A monetary value is placed on a commodity or service and is obtained by paying the correct amount of money. The term "money supply" simply refers to the amount of money, or assets, available in any economic system.
What does the term accountability refers to?
Accounts receivable is an aggregate total amount of money that clients owe to a business entity. This number is used to evaluate the total amount of debt the company currently has.
