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It is what the federal or state government charges you on your income. (the money you earn) It is a percentage of your income.
It mean the tax youse has to pay on youse income.
Wiki User
∙ 12y ago
Wiki User
∙ 13y agoThe federal income tax is a source of revenue that the government uses to help for the operations of the government business and services.
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How do you do income tax?
Is something missing from this question? It doesn't make a lot of sense. Do you mean how do you avoid income tax? Do you mean how does the government tax income? Do you mean, how do you caluclate the amount of income tax that you will have to pay?
What does regular income tax mean?
what does regular income mean
What does income tax withheld mean?
Same thing as paying estimated taxes. Paying your income tax as you earn the income.
What does annual income rates mean?
Tax rates by IRS based on annual income. They are on the web site. Income determines tax bracket.
What does income tax mean in math?
it means
What do monthly income mean?
this is your FULL monthly income before tax withdrawal.
What do gross monthly income mean?
this is your FULL monthly income before tax withdrawal.
What is Before tax income after tax income?
Before tax income is gross income less allowable deductions and rebates = assessable income. After tax income is assessable income less the applicable income tax
What kind of income tax is based on your taxable income?
Income tax IS based on your income that is why it is called INCOME tax.
Is Payroll Tax considered Income Tax?
Yes. Any tax on income is income tax. Taxes imposed after income, such as sales tax, aren't.
What does SIT mean on a check stub?
State Income Tax
What does work inc tax mean?
i believe it means income tax which is the money you get from running your business
