FIT, or Federal Income Tax, taxable wages are your total wages less deductions. To calculate taxable income, you subtract above the line and below the line deductions as indicated by your tax form.
Wages is salary. Its the same terminology If you are talking about addition payments classed as expenses paid in to the (Wage/salary) then it depends if the amount is "claimed" is taxable - If taxable the amount is shown as a subtotal before the wage/salary figure and then totalled then take and insurances/deductions then net paid If its not taxable its goes on the end after taxes are removed and shown as net wage plus expense The company is obliged to record either for tax purposes and for the annual accounts to reflect payments out on the balance sheet
No. It is not taxable
No. it is not taxable
Oh yes shoes are taxable as some come from abroad.
In the US, the money is not taxable if the beneficiary is an adult.
Federal Income Tax wages.
yes
It depends on your gross earnings; The new withholding tables are based on a percentage of gross taxable wages. "Gross taxable wages" is the amount that meets the federal definition of "wages".
Federal Income Tax (FIT) Taxable
It depends on the deduction. Most common deductions such as medical premiums reduce SS taxable wages. But salary-deferal types of deductions do not. For example, employee contributions to a 401lk or Simple IRA do not reduce SS taxable wages.
They are as taxable as normal wages...which they are...its just that they aren't given to you but to those who you owe...
This money cannot be added to the employee's wages as taxable income. This money is not theirs and should be reported to the police.
Yes-if you get a settlement from the EEOC it is taxable. If it is considered wages it is taxed at the rate your wages were taxed. If it is compensatory damages it is taxed at a lower rate but it cannot exceed 50% of the settlement.
This would depend on what the reason for the suit is and what payments are made for. If, for instance the suit was for unpaid wages, then the direct payments demanded by the court for wages would be taxable, as would interest allowed by the court. If a suit was for damages such as an injury to a person in an automobile accident then the award would not be taxable. Worker's Compensation payments are also an item that is not taxable.
I AM NOT FAMILIAR WITH YOUR LOCAL LAW - YOU ARE RESPONSSIBLE FOR CONFIRMING THIS INFORMATION: Back wages earned UP UNTIL the date you were ruled disabled are taxable at the normal rate. Back wages earned AFTER the date you were ruled disabled, are subject to the law governing taxation of disability pensions.
Yes, all employer paid benefits and wages are taxable. There is a way around that if you are an executive. 4lifeguild
Yes, All dist. over $10.00 are taxable.